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Home Business

South Korean firms ready to restart more contracts

bythomwestcott
April 7, 2013
Reading Time: 1 min read
A A

By Reem Tombokti.

Tripoli, 7 April 2013:

The South Korean ambassador to Libya, Lee Jong Kook, has told the Chairman of the GNC’s . . .[restrict]Committee for Communication and Transportation, Mohamed Lamari, that more Korean companies are ready to return to Libya and resume their contracts.

At the meeting Lee asked the Libyan government to provide a general framework for the compensation being demanded by some South Korean companies for damages and financial losses sustained during the revolution.

Lee also said that South Korean companies would, in the future, like to help Libya with its communications sector.

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Lamari said that this would be discussed by the government. Telecommunication, transportation and communication services, which are in urgent need of a complete overhaul, are key focus areas for the government.

After the meeting, Lamari told the Libyan news agency LANA that the Korean ambassador was keen to deliver this positive message to both the GNC and the government.

The South Korean Embassy in Tripoli told the Libya Herald today, Sunday, that some companies had resumed work at six different sites around Libya two months ago. Other companies, it said, are willing to follow soon.

Before the revolution, South Korean companies had been working on a range of Libyan projects, including energy and construction. [/restrict]

Tags: contractsLibyaSouth Koreatelecommunications

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The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

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