We invite businessmen from Korea and other Asian countries to visit Paraguay and evaluate the many opportunities for investments we have in our country, which has abundant human and natural resources for the development of competitive businesses worldwide, said Paraguay Amb. Raul Silvero in his welcome speech to commemorate his country's 208th Independence Anniversary.

As such conditions to invite foreign investors including Korea, Paraguay envoy Raul Silvero named legal stability and respect for foreign and national investments, also one of the fundamental axes of its state policy followed by the current Government.

In a diplomatic reception to mark the 208th Anniversary of the Independence of the Republic of Paraguay held in a downtown hotel Seoul on May 17th evening, Silvero spared many parts of his speech on economic cooperations between the two counterparts, namely Korea and Paraguay.

Touching upon Mercosur in which Paraguay is part of this block, Paraguay envoy said that in addition to the strong political and cooperation relations, the commercial pillar is an important part of our relationship, from which Korean and Paraguayan businessmen are increasingly benefit.

What was noteworthy among Paraguay Amb. speech, is that Paraguay is working very hard at the regional and world level to strengthen its bilateral and multilateral relations, which allow its country to face the challenges of its own development, such as poverty reduction, the creation of jobs, mainly for young people; and its technological development since the assumption of President Mario Abdo Benítez in Aug. last year.

In terms of Korean immigrants, in 1965, Paraguay opened its doors to thousands of Korean immigrants, who, in search of a new beginning, left from the Port of Busan towards the Land Without Evil. And this year, 54 years since the arrival of the first group of Korean migrants to Paraguay, the Korean community, composed of approximately seven thousand people, is an active part of the Paraguayan society, according to the Embassy of Paraguay.

I must mention that Korean Cooperation represents an important source of support for Paraguay, to advance in the path of progress and well-being. The strategic areas for the cooperation of the Republic of Korea up to the year 2020, consist of Health, Water, Transport (road development and aviation) and Urban and Rural Development, Silvero added.

From the standpoint of the NDNnews & its affiliate organization Korea Culture Ambassador Friendship
Association, the Embassy of Paraguay is an very important partner for us in many aspects while Paraguay envoy Silvero serves as Adviser for the Korea Culture Ambassador Friendship Association and Amb. Silvero contributed many English articles & messages regarding North Korea's denuclearization, to name just a few.

For the trips organized by the NDNnews & its affiliate organization Korea Culture Ambassador Friendship Association as well, Paraguay Amb. Raul Silvero couple attended Shinsung Solar Energy Smart Factory trip on March this year and its deputy couple families enjoyed Hwacheon Tomato Festival on last Aug., 2018 to the fullest.