August 13, 2010 11:13
The leaders of Korea and Equatorial Guinea have agreed to cooperate in energy and infrastructure development projects.
During a bilateral summit with the visiting President of Equatorial Guinea, Teodoro Obiang Nguema, in Seoul on Thursday, President Lee Myung-bak expressed his hopes for Korean businesses to take part in the Central African country's infrastructure construction.
Lee also added that Korea will share its experience of swift economic development with Equatorial Guinea.
Obiang asked Korean firms to get involved in his country's petroleum and liquefied natural gas development projects.
Although the two countries formed diplomatic ties in 1979, this was the first visit by a president of Equatorial Guinea to Korea.
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