Home / Business/ SL could be the next miracle says Korean Ambassador

SL could be the next miracle says Korean Ambassador


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 5 July 2016 00:35


  • Urges businessmen to play a proactive role in trade to create a new Sri Lanka
  • Highlights uncorrupted political leadership, improved education, will and determination of people as key factors to become successful

BUP_DFTDFT-2-03

By Charumini de Silva

Korean Ambassador Won Sam Chang expressed his confidence in Sri Lanka to become the next ‘miracle’ economy and called for the business community to be the driving force to build the nation.

Noting that Korea is recognised for its spectacular rise from one of the poorest countries in the world to an advanced, high-income country to successfully emerge as the 12th largest economy in the world today, he said there is no reason why Sri Lanka cannot repeat the same to become another miracle economy. 

He said compulsory education, strong and farsighted political leadership as well as the will and determination of the people were major driving forces, which uplifted Korea to what it is today.

“In the case of Sri Lanka, the business community can and must play a critical role in supporting to build a national economy,” Ambassador Chang said at a session on ‘Bilateral trade between Sri Lanka and Korea’ organised by the National Chamber of Commerce on Thursday.

BUP_DFTDFT-2-01

Pointing out that the Korean business community sacrificed a lot to rebuild their economy for 33 years he insisted that the Sri Lankan businessmen engage in a proactive role in trade to create a new Sri Lanka for the future generations to come.

In 1962 Korea introduced a five-year economic development plan, similarly under the National Unity Government Sri Lanka could also emerge successful with its five-year economic development plan, he said.

However, he emphasised that it was important to continue uncorrupted political leadership, improved education and will and determination of all Sri Lankans to emerge as a miracle.

“Without obstacles, there can be no growth. Korea never gave up,” Ambassador Chang stressed.

He assured that Korea, as a true friend and a partner of Sri Lanka, will continue to stand by. 

- Pic by Sameera Wijesinghe

BUP_DFTDFT-2-02

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B


Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U


Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines


Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel


Columnists More