South Korea and Laos have discussed ways to strengthen cooperation and expand investment during a visit to Laos by Korean Foreign Minister Chung Eui-yong.
Lao Minister of Foreign Affairs, Saleumxay Kommasith, received his counterpart on Saturday as part of his visit to Southeast Asia to advance the country’s New Southern Policy.
During their talks on Saturday, Chung called for active support from the Laotian government to address the challenges South Korean companies face in the country and urged keen interest to promote their participation in local infrastructure projects, according to Yonhap News Agency.
Chung also extended his appreciation for the Laotian government’s consistent support toward the Korean peace process.
Meanwhile, Mr. Saleumxay invited further investment from South Korean firms, saying that South Korea is the fifth-largest investor in Laos.
The visit by Foreign Minister Chung is the first time in almost 20 years since a foreign minister from South Korea has made a visit to Laos for bilateral talks.