Vladimir Tsumarev, the mayor of the Belarusian city of Mogilev, and the mayor of the South Korean city of Pocheon, Seo Jan Won, signed a memorandum of cooperation in Belarus last week, signaling potential investments in sports arenas and attractions.
Members of the Korean delegation accompanying Jan Won suggested investment in the construction of a water park and a football arena. Tsumarev expressed interest in Korean foreign direct investment in the construction of housing and the modernization of industrial enterprises.
"There are no spheres of cooperation of no interest for us," Jan Won said. "However, at present we are most attracted by cultural and educational exchange. Still after examining the economic potential of your city we will work out ways of interaction in the sphere of investment, too."
The two sides began cooperating in August 2004, when Korean delegates first visited Mogilev.
The following year, another Korean delegation arrived to familiarize themselves with the city's industrial potential and take part in negotiations on further cooperation in a number of areas.
That visit resulted in the signing of the protocol of intent to promote friendly ties between the two cities.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme