Georgia enjoys financial aid from South Korea
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South Korea is increasing its financial assistance to Georgia.
The Korea International Cooperation Agency gifted Georgia’s Foreign Ministry computer equipment worth $100,000 USD (slightly less than 240,000 GEL).
The financial assistance was part of the Korean grant allocated for Georgia for the years 2013 to 2015.
A Korean delegation, consisting of Korea’s newly appointed Ambassador to Georgia Kim Chang-gyu, head of the Korea International Cooperation Agency Choi Yonjae and Tbilisi Office charge d'affaires of the Korean Embassy Kim In-hwan, visited Georgia’s Foreign Ministry today.
The Korean officials were hosted by Deputy Foreign Minister David Jalaghania and the sides discussed intensifying bilateral relations.
Currently the Georgian side has three projects submitted to Korea's Official Development Assistance (ODA); one was about agriculture and the other two were about health and environment protection. The Korean side will decide whether or not the projects will be given grants in 2017.
The Korea International Cooperation Agency is a governmental organisation for ODA to enhance the effectiveness of South Korea's grant aid programs for developing countries by implementing the government's grant aid and technical cooperation programs.
The first Korean Embassy in Georgia opened today in central Tbilisi, and will be celebrated tonight by Georgian and Korean officials at a special occasion.
Georgia and South Korea are stepping up bilateral cooperation to avoid double taxation, boost investments and increase economic cooperation.
Korea’s National Assembly fully supports Georgia’s development
"Georgia is God’s gift and I am looking forward to the time when Georgia and the Republic of Korea will work together.”
Economic and business relations between the two countries were in focus of today’s meeting between Georgia’s Prime Minister Giorgi Kvirikashvili and chairman of Korea's National Assembly Chung Ui-hwa in Tbilisi.
Georgia and Kyrgyzstan are stepping up bilateral cooperation to avoid double taxation, boost investments and increase economic cooperation.
Georgia and Kyrgyzstan are increasing economic cooperation by signing an agreement on avoidance of double taxation.
A double taxation avoidance deal signed between Georgia and Saudi Arabia in March 2018 is coming into play today.
Georgia and Korea have signed an agreement on air traffic, according to which Georgian airlines will be able to operate regular flights to and from Korea's largest international airports, while Korean airlines will be able to operate regular flights at Georgian airports, announces the Ministry of Economy of Georgia.