South Korean President Lee Myung-bak and Papua New Guinea Prime Minister Peter O’Neill are pledging to bolster energy and resources cooperation combining Korean technologies and the PNG’s rich resources.
The leaders met in Hawaii this weekend.
During the meeting Lee asked for support for South Korean firms operating in Papua New Guinea, noting that trade between the two countries has been on a steady rise.
O’Neill said that South Korean firms’ participation in major infrastructure construction, such as roads, dams and power plants, has contributed to the development of PNG and that the country will continue to cooperate with Korean firms, the statement said.
The two leaders agreed to actively study ways to increase mutually beneficial cooperation in the energy and resources area, combining South Korea’s advanced technologies and rich resources in Papua New Guinea.
They also agreed to work together for the success of the upcoming meeting of the High Level Forum on Aid Effectiveness to be held in South Korea’s second largest city of Busan later this month. The forum is the world’s conference on development assistance.