Honduran leader meets with Lee

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Honduran leader meets with Lee

Honduran President Porfirio Lobo formally asked Korea yesterday to actively participate in its plan to create special autonomous areas partly modeled after Hong Kong.

In his summit in Seoul with President Lee Myung-bak, Lobo also expressed hope for partnerships in the public sector in fields such as education, health care and infrastructure development, according to the Blue House.

The leaders had “wide-ranging discussions on ways for promoting substantial cooperation between the countries including trade, investment and development cooperation,” the Blue House said in a press release.

The Honduran president, in particular, asked for active participation by Korean firms in his government’s project to create special autonomous zones with their own laws, regulations and various incentives for foreign investors.

A related bill passed through the nation’s congress last month.

Honduras has been seeking to learn from South Korea’s rapid economic development.

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