GOVERNOR PARK PROMOTES KOREAN INVESTMENT IN C SULAWESI

Palu, 15/4 (ANTARA) - Governor of Jeollanam-do, South Korea, Park Joon-yung, promised to increase his country's investment in Central Sulawesi province to realize the sister province cooperation between the two regions on different countries.

"Starting today, I will try to draw capital from Korea for investment in Central Sulawesi," he said on the occasion of the signing of a Leter of Intent (LoI) for business relations between the two regions in Palu, Monday night.
He also said he will try to promote investment in Central Sulawesi in view of South Korean President Lee Myung-bak's efforts to expand relations with Indonesia.
President Lee in March 5, 2009, paid an official visit to Jakarta and had a meeting with his Indonesian counterpart Susilo Bambang Yudhoyono to discuss economic and investment cooperation.
The occasion, attended by numerous South Korean company presidents and CEOs, as well as local government officials and businesspeople, Gubernur Park hoped the cooperation agreement between the Indonesian province and South Korean province had already been signed in the form of an LoI, could be promoted into long-term business and investment contracts.
Park praised Central Sulawesi Governor Badjela Paliudju's efforts in boosting investment in the province with a view to promote the living standard of the local population.
Governor Paliudju had said earlier that the province has 10 regencies and a city and vast natural resources, but as yet to manage and exploit optimally.
Therefore Governor Paliudju hailed the Jeollanam-do governor's visit along with scores of Korean businesspeople planning to invest in fisheries, agriculture and plantations serving bio-energy, mining, and forestry.