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South Korea raises its hand to back Nicaragua canal

Thursday, June 14, 2012

South Korea is the first country in showing interest in the $30 billion Inter-Oceanic canal in Nicaragua.

The Nicaraguan parliament is still debating the approval of the project, proposed by the country's president, Daniel Ortega.

"Korea has a lot of experience in building canals and infrastructure, and that's why we are interested in being part of it", said South Korean ambassador in Nicaragua, Son Tae Kim.

Full story (in Spanish)