SEOUL, KOREA - President Park Geun-hye held a summit meeting on June 4 with the Mozambican President Armando Guebuza at Cheongwadae, Presidential palace, and discussed ways to expand areas of mutual cooperation. This is the second occasion for President Park since her inauguration in late February to meet an African leader, following a meeting with Yoweri Museveni Ugandan President on May 30.
Both summits held conversation in wide-ranging topics from trade and investment, resource development, development cooperation, and importation of the new community movement. Mozambique is one of the resource-rich countries in the world with abundant reserves of natural gas, as well as tantalum (rare mineral used for mobile devices), titanium, aluminum, bituminous coal, emerald, and gold.
Currently Korea Gas Corp. is actively engaged in developing gas fields and building gas pipelines. Hyosung and other contractors are also doing business in Mozambique building solar power plants and power transmission networks. The Korean government plans to focus its cooperating with the Mozambican counterpart on agriculture, electric power, and transportation.
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