Ruto: Kenya To Expand Economic Ties With South Korea

In order to increase business and employment prospects for Kenyans, President William Ruto announced that the government of Kenya would strengthen its commercial connections with South Korea.

President Ruto said Kenya will work with the South Korean government to open doors in technology, trade, investment, and maritime operations on Tuesday at a meeting with the Kenyan community in South Korea.

“About 300 Kenyans currently work in South Korea, but by the time I return, I expect there will be 10,000 young Kenyans employed there. While I am thinking about how to get more people to come to Korea, I know that many of you are planning on how to return home “Observed the Head of State.

He continued by saying that Kenya will take advantage of its top-ranked human capital to increase possibilities.

“You must recognize that Kenyans have the best human capital in the world, which gives us a competitive advantage. Rarely do people possess the attributes of creativity, innovation, hard work, self-drive, friendliness, or education, but Kenya has all of them in spades. Kenyans are unique because of their spirit, he claimed.

Additionally, according to President Ruto, the human capital will result in a rise in remittances from the diaspora.

In the following five years, he hoped to increase the amount we already receive from our diaspora from the current Ksh. 400 billion to Ksh. 1 trillion.

The topic of establishing markets for Kenyan goods will also be discussed in the bilateral talks with South Korea.

In order to export value-added goods, President Ruto stated that Kenya will concentrate on value addition.

“In the next five years, we must increase the percentage of our tea that is processed from 5% to 50%, and in years from now, we should be able to process every gram of tea harvested in Kenya.”

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