Korean delegation interested in Joint ventures

A delegation of Korean businessmen visited the Lahore Chamber of Commerce and Industry (LCCI) to meet the Pakistani businessmen. The Koreans expressed their desire to have joint ventures with their Pakistani counterparts in LPG cylinders, PVS stabilizers, auto-mobile batteries and oil lubricant manufacturing.
Alexander Lee who was leading the Korean delegation said that following starting manufacturing of LPG cylinders and other products, not only Pakistani consumers could benefit from the quality products but foreign exchange could also be saved. LCCI Vice President Faheem-ur-Rehman Saigal and LCCI former president Sohail Lashari also spoke on the occasion.
It was decided on the occasion that Pakistan could benefit significantly by enhancing trade relations with Korea which is among the 20 largest economies of the world. There is a lot of potential for investment in the Pakistani market and there is need to diversify product lines of both countries through mobilizing business forums, exchanging business delegations and participating in each other’s exhibitions. The market surveys and latest trends prevailing in both the countries must also be shared with the representatives of private sectors so both sides can make educated decisions.