ISLAMABAD - South Korean companies presently in India will be opening offices in Pakistan, while another South Korean giant Posco has also indicated interest in investing significantly in Pakistan ‘s economy this year, says a press release.

This is indicative of the fact that Pakistan holds massive potential for foreign investment.” This was stated by In-Ki Lee, the Consul General of South Korea posted in Karachi , who jointly visited the FPCCI head office at Karachi and met leading businessmen.

The visiting dignitaries were welcomed by Tariq Sayeed, who is currently VP of CACCI.

While thanking guests, Tariq Sayeed suggested to hold bi-annual meetings of the Pak-Korea Joint Business Council to make the JBC a more active forum. He further stressed the importance of attracting investment in the form of Joint ventures from Korea to Pakistan. Sayeed alleviated fears of foreign investors regarding the law and order situation in Pakistan.

, saying that the situation on ground was much better than media perceptions.

In Ki Lee suggested that FPCCI should send a strong delegation to the Korean Expo in Seoul in May-August 2012, which would be a great opportunity to introduce Pakistani products to the Korean market. He mentioned Korean investment in wind power projects and infrastructure in Pakistan and was also very open to the suggestion of exploring joint ventures in seafood, leather processing and rice.