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Nicaragua seeks South Korean help for projects

Tuesday, November 19, 2013

Nicaragua is seeking South Korean cooperation for its planned infrastructure megaprojects, which include the $40-billion Inter-Oceanic Canal, and the $1-billion Tumarín hydroelectric plant.

The American-Nicaraguan Chamber of Commerce, known as Amcham, approached the new South Korean ambassador for Nicaragua, Doo-sik Kim, who agreed to invite Korean business leaders to the Central American country to boost ties.

There are 33 South Korean companies in Nicaragua, of which 29 operate in the free trade zone.

Full story (in Spanish)