More Korean investors showing interest in Fijian economy

Investment Fiji has revealed that more Korean investors are showing interest in the Fijian economy and are exploring various investment opportunities.

Investment Fiji CEO Godo Mueller-Teut says Korean investors are not new to Fiji and it’s encouraging to see more of them.

Mueller-Teut says Korean investors can utilize Fiji’s strategic location in the region and invest in agriculture, renewable energy, tourism and the manufacturing sector.

Meanwhile, Mueller-Teut says in 2015, total exports to pacific island countries equated to $482.5 million, exceeding the total combined exports to New Zealand and Australia of $372 million.

He adds the government has set the platform for investment and growth by introducing a number of incentives such as low corporate taxes, tax-free regions and duty free importation of plants, machinery and equipment for initial establishment of the factory.

An 8 member delegation from the Korea-Fiji Friendship Association had preliminary discussions with Investment Fiji on the various investment opportunities in the country.