A South Korean company has shown interest to make investment in Pakistan to manufacture various products including LEDs, solar cells, machine tools, vacuum products and others.
Dr Won Ho Jung, head, Overseas Business Division, Line Tech Inc, South Korea visited Islamabad Chamber of Commerce and Industry (ICCI). Jung exchanged views with local business community and said that his company was interested to make investment in Pakistan to manufacture various products. He said in the first phase, his company was looking for partners in Pakistan to introduce its products in Pakistani market and at later stage it was planning to setup a factory in Pakistan for manufacturing activities with transfer of technology from South Korea.
Speaking at the occasion, Ahmed Hassan Moughal, president Islamabad Chamber of Commerce & Industry, said that Pakistan was a huge market of over 200 million consumers due to which foreign investors were doing successful business in Pakistan. He said that consumer products including LEDs, solar cells, vacuum products and others have great demand in our market and South Korean company should explore setting up manufacturing plant in Pakistan.