Nepal, Korea’s Ramro Sathi: Amb Taeyoung

Kathmandu; Nepal has commended South Korea’s support in the country’s social aspect of development and investment.
Baburam Adhikari, Joint Secretary of Ministry of Industry of Commerce–guest of honour of the event– appreciated and commended South Korea’s contribution in social aspect of development and investment, at a special programme held last night to commemorate 50-year of journey together between the two countries . It is a tale of shared values and mutual respect, contributing to personal and economic development, he said.

The Embassy of the Republic of Korea was the host of the programme “2024 Corporate Social Responsibility (CSR) Forum in Nepal on the occasion.
On the occasion, Park Taeyoung, Ambassador of the Republic of Korea, emphasized the importance of policy development and implementation in investment field of potential areas. He mentioned that the Republic of Korea is keen to support Nepal as a RAMRO SATHI of Nepal.

‘It is my great honor to welcome you all to the 2024 KOREA CSR Forum in Nepal, an event dedicated to celebrating the enduring partnership and mutual progress between our two countries,’
He said this year held special significance as the two countries mark the 50th anniversary of diplomatic relations which is a milestone that reflecting the depth of friendship, cooperation, and shared aspirations between our peoples.

‘Today, we gather not only to reflect on the success of our partnership but also to recognize the significant contributions made by Korean Companies in supporting Environmental, Social, and Governance (ESG) principles and Corporate Social Responsibility (CSR) activities here in Nepal, ‘ he said, adding ‘these initiatives, ranging from sustainable development projects to community empowerment programs, reflect the unwavering commitment of Korean companies to fostering positive impacts on the environment and society in Nepal’. ‘From donation for local people to capacity building, these activities stand as a testament to the deep respect and care Korea holds for the people and future of Nepal’. He also expressed heartfelt gratitude to these visionary Korean companies, whose dedication and investments have not only strengthened bilateral economic cooperation but also enriched the lives of many in Nepal.
He said the success of these endeavors relies on the collaboration and support from all stakeholders. He also requested the companies concerned to move forward and expected continued cooperation of the Government of Nepal in ensuring a favorable investment environment for foreign companies. ‘By fostering an ecosystem of trust, transparency, and mutual benefit, we can encourage more dynamic and impactful partnerships that contribute to the sustainable development of both our countries’, he said.

He further said that this forum represented an opportunity to deepen the bilateral understanding of how CSR initiatives can drive sustainable growth and inclusive prosperity, adding , it also symbolized the enduring friendship between Korea and Nepal, built on a foundation of mutual respect and shared goals. ‘Let us take inspiration from today’s discussions and commit to advancing our collaboration for the benefit of our people. Together, let us ensure that the next 50 years of our partnership are even more remarkable’.