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Zambia has approached South Korea to deepen cooperation in the area of copper production, processing and trade to boost country’s economic development.
In a post on his official social media handle, President Hakainde Hichilema who is in the United Kingdom (UK) to attend the coronation of King Charles III said he met with the Prime Minister of the Republic of South Korea, Han Duck-Soo, to explore mutual cooperation.
“During the meeting, we also discussed mutual cooperation around creating a centre for production, processing, and trade, which complements our value addition agenda. This is largely attributed to our country’s geographical positioning. We are land-linked,” President Hichilema said.
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He said Zambia should draw lessons from South Korea who have been able to transform into a high-income country within a short space of time.
The Head of State said as the country envisaged to register rapid economic transformation through enhanced trade and investment opportunities, particularly in areas of technology, mechanization, and minerals exploration, South Korea remained one of the typical models to share ideas with.
“As fellow co-hosts of the recently held Democracy Summit, we are grateful to South Korea for noticing our efforts in turning around our country, including our democratic credentials,” he said.
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