'South Korea ready to share economic experience with Zim'

HARARE - South Korea’s ambassador to Zimbabwe Kwang-chul Lew says his country is prepared to share with Zimbabwe how the Asian economic giant evolved from a recipient of donor aid to a donor.

The Korean ambassador made the remarks during the celebration of the Asian country’s national day in Harare yesterday.

“Korea is ready to share its economic development experience with Zimbabwe,” said Lew.

“From independence in 1945 to the late 1990s, Korea received a total of $12,7 billion. But Korea’s overseas development assistance (ODA) to other countries between 1987 and 2008 amounted to $5,7 billion and is continuously and rapidly increasing.”

The Korean ambassador told guests who included Zimbabwe’s Foreign Affairs deputy minister Chris Mutsvangwa that cooperation between Zimbabwe and his country was still far from the expected levels.

“There is great potential but this potential has not been fully translated into reality yet. We hope Korea and Zimbabwe will soon become better partners in economic activities. Both countries can complement each other and create a lot of economic benefits,” he said.

Lew believes agriculture is one of the areas that offer numerous cooperation opportunities for the two countries.

“Agricultural knowledge (can be) provided by the (Korean) Agricultural Promotion Agency through its cooperation programme called Kapaci,” said the Korean envoy.

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