Business networking between Fiji and Korea will soon be strengthened following the signing of two Memorandum of Understanding – in Suva yesterday.

The MOU’s are intended to match the business demands and needs of Korea and Fiji and the Pacific.

The first signing was between the Korea Chamber of Commerce and Industry and the Pacific Islands private sector organisation (PIPSO).

The second was between the Korea Chamber of Commerce and Industry and the Fiji Commerce and Employers Federation.

Minister for Industry and Trade Aiyaz Sayed-Khaiyum says it’s a historical occasion that Fiji has committed to expand economic relations with one of the biggest and the longest standing chambers in the world.

“The fact that the chamber has chosen Fiji to carry out the signing and work with the employer’s federation in Fiji indicates they see Fiji as the hub, and in terms of infrastructure in terms of human resources and where they can work from to other countries.”

Ambassador of the Republic of Korea to Fiji Seong-in-Kim says there’s great potential in developing and improving trade between Fiji and the pacific islands with Korea.

This will only be realised with the involvement of business associates.