By Agency
President Yoweri Kaguta Museveni on Wednesday met a delegation of business people from South Korea led by Mr. Kwon Hurkkoo, Mr. Cho Shanghyu and Mr. Kim Jinwook, all Directors of HINENI Ltd.
HINENI Ltd is a registered company here in Uganda with its headquarters in Nakawuka, Entebbe Road.
During the meeting held at State House, Entebbe, President Museveni and his guests discussed areas of mutual interest and cooperation.
Mr. Kwon Hurkkoo disclosed their intention to establish a plant that will manufacture automotive components among which will be electric batteries to complement Kiira Motors Corporation.
He further emphasised that the profits they will get from the investment will not be taken out of Uganda but rather reinvested in the country for development.
The investors who also visited Kiira Motors Corporation, offered to give expertise in the form of training Ugandans in South Korea.
On the other hand, Mr. Hurkkoo said they intend to invest in Styrofoam iron sheets in order to mitigate heat and noise in the environment where people live.
Mr. Cho Shanghyu, an ICT expert, noted that they also want to invest in advanced ICT technology and installation in Uganda.
On his part, President Museveni thanked the investors for coming to Uganda and reiterated a good working relationship with South Korea.
He urged them to take advantage of Uganda’s strategic location in Africa and availability of raw materials by investing in the East African country.
