19 October 2012

Zambia: Build Factory in Zambia, Sata Urges Samsung

Suwon, — PRESIDENT Michael Sata yesterday toured Samsung Electronics factory here and emphasised the need for the company to construct a factory in Zambia.

Mr Sata, who met Samsung officials that included company president and chief financial officer Ju-Hwa Yoon and vice-president Chung-Sung Lim, said it was unfortunate that the company had not built a factory in Zambia.

He said just like Daewoo and Hyundai, he had known Samsung Electronics for more than 20 years but was not impressed that the giant electronic firm had not established itself in Zambia.

Mr Sata said Samsung Electronics was known in Zambia in terms of mobile phones and other goods and, therefore, it was imperative that the company sets up a factory to cater for the Central African region.

"I have known Samsung Electronics for over 20 years and I have not been impressed because you have not put up a building in Zambia but instead you keep on building in Korea.

"So my main request is for you to open a factory in Zambia to cater for Central Africa and the region as a whole," he said.

Mr Sata said there was little trade and industry between Zambia and South Korea and appealed to the electronic company toutilise the hydro power in Zambia.

Mr Ju-Hwa in response said the company would set up factories where the market was available and assured President Sata that his concerns would be considered.

He explained that the company began its business with 36 employees in 1969 but now had more than 200,000 workers.

He said President Sata's visit was meaningful because Zambia and South Korea had an old relationship.

Mr Sata was accompanied by Foreign Affairs Minister Given Lubinda, Agriculture Minister Emmanuel Chenda and their counterpart for Tourism and Arts, Sylvia Masebo.

Others were Commerce, Trade and Industry Minister Robert Sichinga and Special Assistant to the President for Press and Public Relations, George Chellah.

The Zambian delegation alsotoured the IS Dong Seo terrace housing units where Mr Lubinda and Mr Sichinga laid a foundation stone on behalf of Mr Sata on one of the apartments to be built.

IS Dong Seo managing director Min-Seok Kwon said the company was considering touring Zambia.

He said Zambia would be the first in Africa to have such luxurious apartments to be constructed by IS Dong Seo terrace construction company.

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