20 February 2013

Liberia: Ellen Meets South Korean Investors

A high-powered South Korean business delegation visiting Liberia has expressed interest in investing in the areas of roads, information communication technology, health care, tourism and transport.

An Executive Mansion release said during the courtesy call at her Foreign Ministry Office, the Chief Executive Officer James Juhee Han, of the business group known as MakeGroup, said his company's investment interest in Liberia is predicated on the level of political and economic stability achieved by this government since Madam Sirleaf came to power.

"Madam President, my company and I are exceptionally pleased to meet with you, especially the first woman African President. Your leadership has led to a great change in the country," Mr. Han asserted.

Mr. Han, who has investment interests in West Africa, said he would love to jump-start his investment in Liberia, having visited Burkina Faso and Sierra Leone for possible investment.

"Because of Liberia's achievements," he said, "our investment interest here is immediate and we would be glad to be given the green light for commencement in the areas mentioned."

Responding to the MakeGroup CEO, President Sirleaf said Liberia is open for business, and she welcomed the delegation's interest as long as it was a legitimate entity and falls within Liberia's laws, policies and agenda.

The Liberian leader urged CEO Han to meet with the relevant government agencies in finalizing their investment ambition. She suggested that the delegation meet with officials at the National Investment Commission and negotiate investment incentives. President Sirleaf also called on the company to engage the Liberian Business Registry if it is not interested in investment incentives.

"While I welcome investment in Liberia, I also want you to be focused in your investment. Instead of having interest in multiple areas, it's good to have interest in at least one or two areas and do it well and the soonest," the President urged. The delegation concurred, and promised to return to Liberia shortly to begin their investment engagements.

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