Showing posts with label South Korea. Show all posts
Showing posts with label South Korea. Show all posts

Tuesday, May 7, 2019

KOGAS investment in Cyprus a 'new horizon' for economic ties - KNEWS / KATHIMERINI CYPRUS

07 MAY 2019 - 14:55
Newsroom / CNA

The Republic of Korea has been a steadfast and strong partner of the Republic of Cyprus’ efforts to reach a comprehensive settlement of the Cyprus issue, said Tuesday the country’s new ambassador, stationed in Athens, Soosuk Lim during a formal ceremony at the Presidential Palace.

Presenting his credentials to President of the Republic Nicos Anastasiades, the Ambassador said this year marks 24 years of diplomatic relations between the Republic of Korea and the Republic of Cyprus.

The major political concerns, respectively the Korean Peninsula issue and Cyprus problem have brought the two countries closer, based on the affinity out of same historical background of division and the common national vision for reunification, the ambassador said, adding that the two countries have also demonstrated solid cooperation in an international arena, sharing universal values of liberal democracy and human rights.

He said bilateral trade volume has increased by 25% for the past ten years from 1.2 billion dollars in 2009 to 1.5 billion dollars in 2018. The Korea Gas Corporation’s investment in the development of offshore natural resources in Cyprus is expected to open a new horizon for economic ties, the new ambassador said, while more Korean tourists find Cyprus as favourable travel destination.