No Result
View All Result
Sunday, July 27, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

South Korea to reopen its embassy in September and allow its companies to resume projects in Libya

bySami Zaptia
June 27, 2018
Reading Time: 3 mins read
A A
South Korea to reopen its embassy in September and allow its companies to resume projects in Libya

South Korea is to reopen its Tripoli embassy in September and allow its companies to return to work in Libya, Libya's Presidency Council revealed yesterday (Photo: PC).

By Sami Zaptia.

South Korea is to reopen its Tripoli embassy in September and allow its companies to return to work in Libya, Libya's Presidency Council revealed yesterday (Photo: PC).
South Korea is to reopen its Tripoli embassy in September and allow its companies to return to work in Libya, Libya’s Presidency Council revealed yesterday (Photo: PC).

London, 27 June 2018:

South Korea is to reopen its Tripoli embassy in Tripoli in the beginning of September and will allow its companies to return to Libya to resume their stalled projects.

The important revelation came after a meeting between South Korea’s ambassador, Choi Sung-Soo, and Presidential Council Deputy Ahmed Maetig in Tripoli yesterday.

Choi Sung-Soo was reported as saying that his country would begin the official approval of South Korean companies implementing housing and construction projects and housing units to return to complete contracted projects.

RELATED POSTS

Egyptian investments in Libya exceeded US$ 2.5 billion, surpassing for the first time Libyan investments in Egypt‎

Tripoli government follows up on unfinished Islamic Call Society’s commercial and entertainment complex project

Ways to develop joint cooperation between the two friendly countries in various fields and practical steps on the return of Korean companies were also discussed, Libya’s Presidency Council reported.

No further details were provided by the Presidency Council.

However, it will be recalled that the Faiez Serraj-led Presidency Council’s Presidential Guard offered in April this year to provide security for South Korean companies.

The offer had been disclosed by the Presidential Guard during a meeting between the South Korean ambassador Choi Sung-Soo and the Commander of the Presidential Guard, Najmi Nakua.

The Presidential Guard, it will be recalled, is the attempt by the internationally recognized Presidency Council based in Tripoli to form an official unified Libyan army loyal to and under the direct control of the legitimate civilian government.

On the other hand, the so-called Libyan National Army (LNA), based overwhelmingly in the east of Libya, is under the command of Khalifa Hafter and recognized by the Tobruk-based House of Representatives.

The April meeting between Korean ambassador Choi Sung-Soo and the Commander of the Presidential Guard, Najmi Nakua followed on from a meeting by Choi Sung-Soo with Deputy head of the Presidency Council last Monday, Ahmed Maetig.

At that April meeting, it was noted that Korean engineers had already prepared reports with a view to resuming work in the summer of 2018 and the possibility of the reopening the Korean embassy ‘‘in the coming months’’ had also been discussed then.

Ambassador Sung-Soo had expressed in April the readiness of Korean companies to resume work in Libya ‘‘in the event of security guarantees and the right environment to complete the projects’’.

Ambassador Sung-So had added that his country also looked forward to increasing the size of their projects in Libya, to include construction and housing projects and to equip schools in accordance with requirements.

He had also referred to the training programme between Korea and the Libyan Ministry of Labour to train technicians in several disciplines.

Maetig had confirmed the willingness of Libya to take advantage of Korean experience in the field of e-government as needed in “customs, banks, passports, medical supplies”, and work on the dispatch of specialists for training in Korea.

It will also be recalled that a number of Korean companies working in the electricity-generation sector had over the last months visited their project locations in Libya with a view to returning.

This is not the first time that there have been discussions between Libyan authorities and the Koreans about restarting stalled projects. In August 2017 representatives of Korean companies had held talks in Tripoli regarding the possibility of their return to resume their stalled projects. However, issues regarding payment and more importantly security had always been a stumbling block.

However, it now seems that the South Korean authorities are satisfied with the level of security in Libya to the extent that they are prepared to open their embassy – in line with a number of other states such as Italy, UK, Netherlands, and Turkey – and to allow their companies to return and resume their stalled projects.

 

https://www.libyaherald.com/2018/04/21/pcs-presidential-guard-could-provide-security-for-korean-companies/

 

https://www.libyaherald.com/2017/08/10/south-korean-construction-companies-assess-conditions-for-return-to-libya/

 

https://www.libyaherald.com/2017/08/02/improved-security-could-start-return-of-foreign-business-says-south-korean-ambassador/

 

Tags: EMBASSYfeaturedNajmi Ramadan Khair Al-Nakua Commander Presidential GuardprojectsSouth Korea

Related Posts

US Embassy Libya labels rumours of US intention to relocate Gazans to Libya as ‘‘fake news’’
Libya

US Embassy Libya labels rumours of US intention to relocate Gazans to Libya as ‘‘fake news’’

July 25, 2025
Major Tripoli power cuts demo called called for Friday
Libya

Power restored after wide and long power cuts in Tripoli as contractors cut main power line – Mufti condemns power cut, GECOL calls on AG to investigate

July 25, 2025
Libya discusses its Trade and Investment Framework Agreement with the U.S.A
Libya

Trump Africa Advisor Boulos arrives in Tripoli – Aldabaiba offers several business incentives

July 23, 2025
Head of Union of Chambers calls on Greek companies to return to their stalled Libyan projects
Business

Serbian Ambassador to Libya visits General Union of Chambers of Commerce – General Union to visit Serbia, Serbian Chamber to visit Libya in September

July 22, 2025
Gnewa Kikli’s Stabilization Support Agency accuses Amnesty International of defamation
Libya

New Stability Support Apparatus (SSA) head Abuzriba undertakes to commit to laws and human rights for the benefit of the country and the citizen

July 21, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba vows to impose justice, law and order – puts militias on notice

July 20, 2025
Next Post
Hafter announces ”liberation” of Derna

Hafter announces ''liberation'' of Derna

International community oppose oil exports by eastern-based NOC

ADVERTISEMENT

Top Stories

  • NOC announces force majeure at Zawia port

    NOC publishes 37 companies out of 44 that qualify for its 2025 public tender round

    0 shares
    Share 0 Tweet 0
  • Libya’s first-ever 1 MW solar power plant completed ahead of schedule in Kufra by Infinity Libya

    0 shares
    Share 0 Tweet 0
  • Trump Africa Advisor Boulos arrives in Tripoli – Aldabaiba offers several business incentives

    0 shares
    Share 0 Tweet 0
  • Mellitah Oil and Hill International sign projects management agreement in presence of Trump’s Africa Advisor Boulos

    0 shares
    Share 0 Tweet 0
  • As the Libyan diner plunges in value above the LD 8 per US$ – CBL reveals causes and planned countermeasures

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

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.

Recent News

North Africa Bitumen Company explains its choice of Misrata Free Zone as its Libya operations base

US Embassy Libya labels rumours of US intention to relocate Gazans to Libya as ‘‘fake news’’

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.