South Korea Wants More Trade with the Dominican Republic

The Ambassador of South Korea to the Dominican Republic, Lin Byung-Taik said last week that his main aim in the Caribbean country is to foster an increase in trade between the two nations to as many as $400 million a year, twice the current figure.

According to a report by Listin Diario, the diplomat stated that his term in the Dominican Republic seeks to broaden bilateral ties in the academic, cultural, energy, tourism and Haitian cooperation fields.

South Korea could increase trade with the Dominican Republic in the generation and distribution of electricity, cellular phone manufacturing, hotel construction and vehicle parts manufacturing.

Dominican President Leonel Fernandez is scheduled to travel to South Korea where he will meet with government officials and Korean businessmen.

Dominican ambassador in Korea, Hector Galvan stressed that Korean businessmen would consider investing in manufacturing in the Dominican Republic to save on time in the transportation to US markets.