Korean government grants USD 11 million to promote Sri Lankan tourism


Maldives
PUBLISHED January 19, 2020

Korean government shows support for the Sri Lankan tourism industry by granting USD 10.96 million for promotional purposes.

 Ambassador of the Republic of Korea to Sri Lanka, Heon Lee conveyed this support when he called on Tourism Minister of Sri Lanka Prasanna Ranatunga this week.

USD 5.36 million from the initial number USD 10.96 million will be used to develop the Kuchchaveli Tourism Zone, while the rest will be used to develop community-friendly tourist village in Etanwala, Matale.

The Minister said, "Korea has come forward to provide Sri Lanka with a grant of $10.96 million to develop and promote tourism sector in the country."

The grant would be provided within this year, informs Minister Ranatunga

During the discussion, the Korean Ambassador also told the Minister that many high-level Korean businessmen and investors were keen to invest in Sri Lanka.

"The peaceful environment in the country is encouraging. A lot of Korean businessmen and investors are interested in exploring their business opportunities in Sri Lanka," added Ambassador of the Republic of Korea to Sri Lanka, Heon Lee.

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