Seoul — The Angolan ambassador to South Korea, Albino Malungo, considered "very encouraging" the level of bilateral relations between the two counties.
Speaking to Angop and the State-run "Radio Nacional de Angola" on Sunday in Seul, the diplomat said it was a right decision from president José Eduardo dos Santos to open a diplomatic mission in South Korea.
He stated that the relations have been incremented in various levels, with stress to trade with satisfactory results.
The Angolan ambassador said the South Korean Authorities welcome the partnership and the volume of business. He stated that until 2011, the Asian country was Angola's fourth major partner.
According to her, there is a growing interest on the part of Korean firms to invest in Angola, and mentioned a recent meeting with the chairman of t he Samsung group who came up with concrete proposals for its operation in the Angolan market.
He said that the rush to investment in Angola is so high that the country's embassy in Seul has been facing with difficulties to respond to South Korean demands, due to shortage of qualified personnel.
The diplomat spoke of the need for a commercial office to respond to demands from South Korea she regards as a "safe" partner for the country's reconstruction and development.
The official stated that the cooperation with South Korea focus mainly the areas of industry, reconstruction and construction of infrastructures, energy, education and others.
According to the diplomat, South Korean partners come mainly from the private sector as, he explained, five business groups respond for 70 percent of the country's Gross Domestic Product.
However, the ambassador spoke of the interest of the Korean State in the Angolan Liquefied Natural Gas (LNG), mentioning business existing between the Angolan Oil Company (Sonangol) and the Asian country's Daewo.
Another field of business interest are the public transportation, building of oil tankers and deals with the National Electricity Company (ENE), particularly linked to hydroelectric, solar and alternative energy.
Defending reciprocity, the ambassador encourages Angolan businesses to invest in South Korea as a country he considers good, safe and with good growing perspectives.
The Angola Embassy to South Korea was set up in 2008 with, Albino Malungo then as non-resident ambassador.