South Korea assures big investment in Azad Jammu and Kashmir

South Korea assures big investment in Azad Jammu and Kashmir
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ISLAMABAD - Ambassador Kwak Sung-Kyu of the Republic of Korea (RoK) to Pakistan Saturday met with AJK President Masood Khan and assured him continuing Korean investment in Azad Kashmir, especially in the power sector.

Talking to the President, he specifically mentioned the hydropower projects of Patrind and New Bong which have already been completed,and Gulpur hydropower project which was being constructed. In addition, he said one was being planned at Athmuqam.

Masood Khan thanked the South Korean Ambassador for the investment of his country’s enterprises in Azad Kashmir and thus contributing to Azad Kashmir’s energy infrastructure development.

He invited South Korean entrepreneurs to diversify their investments in Azad Kashmir to other sectors, such as the Information and Communication Technology (ICT) and IT industry, said a press release.

The President also thanked South Korean Ambassador for his country's contribution to the United Nations Military Observer Group in India and Pakistan (UNMOGIP), which monitors ceasefire along the Line of Control (LoC).

Sardar Masood Khan said that the engagement between the United States and North Korea , as well as the constructive role played by the RoK President Moon Jae-in in the quest for peace and diplomacy, have rekindled hopes for engagement on the Jammu and Kashmir dispute as well. “No barrier should be considered absolute in the search for conflict resolution.

All avenues for the diplomatic solution must be explored with diligence and determination”, he said.

The President extended a formal invitation to the South Korean Ambassador to visit Muzaffarabad, AJK.

Economy