Kenya, South Korea hold talks to deepen trade, investment ties

Kenya and Korea have today held bilateral talks to enhance trade and investment ties.

National Assembly Speaker Moses Wetang'ula met the chairpersons of the Republic of South Korea’s, Parliamentary Foreign Affairs and Unification Committee Kim Tae-Ho and Parliamentary Industry, Energy, SMEs and Startups Committees Lee Jae-Jung.

Wetang'ula said South Korea's impressive advancements in technology offer valuable lessons for Kenya.

"We plan to establish a Parliamentary Friendship Group (PFG) to deepen parliamentary diplomacy and collaborate on mutual interests," he said.

Wetang'ula commended the Korean government for supporting development projects in Kenya, including a $5 million water project.

"This project holds the potential to bring transformative changes to our Information and Communication Technology (ICT) Sector, particularly for our youth," he said.

Wetang'ula emphasized Kenya's commitment to planting 15 billion trees over the next decade aiming to increase forest cover from 4-15 per cent.

He added that Kenya and South Korea have a long history of friendly relations.

"Trade relations are strong, with Kenya exporting goods like tea, coffee, and tobacco, and importing various items from South Korea," he said.

"We look forward to strengthening our ties with Korea, marking a promising chapter in our diplomatic and economic relations, and working for the benefit of both nations and our people."