The Liberian economy may be set to get boosted as South Korean multi-millionaire and businessman Park Ji Gon arrived in the country over the weekend to invest some of his millions in the Liberian economy.
At the Roberts International Airport (RIA) where he spoke of his investment plan to reporters, he said his visit to Liberia is to invest in the country and see growth in its economy.
He made known that the mining sector, would be one potential area that he could invest some of his millions. Mr. Park noted that gold mining is a major economic driver for many countries across the world.
At the moment, there are other major multinationals— in the mining sector, especially gold mining— including Bea Mountain Mining Company in Grand Cape Mount County.
Nevertheless, Park further stated that the construction sector also drives economic growth, creating new job opportunities and facilitating an improved quality of life. He also stated investment in the agricultural sector helps to reduce poverty, raise income and improve food security for the country. He further added that Liberia’s fertile land and favorable climate are key factors that make the country ideal for more investment opportunity for anyone wanting to invest in the country.
The South Korean businessman added that Liberia has great prospects for the future and encouraged more investors to come and engage in diverse investments.
He quoted the Liberian leader, President Joseph Nyuma Boakai as telling potential investors “‘Liberia is open for business.’ We are committed to fostering partnerships that will benefit both the country and our enterprises,” Park said.
The South Korean investor indicated that investing in Liberia would be an achievement as he would help to support the country’s economy, including creating job opportunities for Liberians. He also stated that his investment would further strengthen bond between Liberia and South Korea.
Speaking further, he disclosed that his initial startup would be in the tune of US$35 million; however, he stated that he would increase the amount for more cooperation.
The South Korean looks forward to meeting with key officials including Mines and Energy Minister Wilmot Paye, Agriculture Minister, Dr. J. Alexander Neutah, among others to put forward his intend to invest in their sectors.
