Korea-Kenya Summit: Korean industrial complex‚ KAIST to be built in Kenya Updated: 2016-05-31 21:08:09 KST
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- Korea-Kenya Summit: Korean industrial complex‚ KAIST to be built in Kenya Updated: 2016-05-31 21:08:09 KST
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- 2016-05-31
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Economic cooperation was the focus of summit talks in Kenya‚ the third and last stop of President Park's trip through East Africa. Seoul and Nairobi sealed dozens of deals‚ ranging from industrial complex construction to introducing Seoul's tech institute model. Energy is a key word in terms of Kenya's future growth as only produces 20-percent of its electricity demand. But it's vying to increase it to 100-percent over the next 15 years‚ in line with its Vision 2030 to emerge as a new industrial nation. Seoul will seek to participate in Kenya's geothermal and nuclear power plant projects as well as build a block of Kenya's new industrial complex‚ paving the way to export products there tax-free to the U.S. via East African free trade deals. (Korean-subtitle ) "When the industrial complex is completed‚ it will serve as a gateway for our companies‚ especially small and mid-sized businesses‚ to enter the markets of Africa‚ the Americas and Europe." Korea also plans to share its knowledge in the e-government‚ ICT and health sectors‚ while also helping to build an institute for science and technology in Kenya‚ modeled after KAIST‚ enabling Nairobi to foster high-tech for growth. (Stand-up) "Through summit talks‚ Seoul appealed that it is the optimal partner for realizing Kenya's vision for growth with its experience and set the framework for greater economic ties with the biggest economy in the East Africa region. Song Ji-sun‚ Arirang News‚ Nairobi." Reporter : song@arirang.co.kr
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