A new strategic roadmap for Nepal-Korea relations !

By Dr. Shivamaya Tumbahamphe

Nepal and Korea share a historically significant bond. The introduction of Buddhism to Korea in 372 AD fostered a profound emotional and religious connection with Lumbini. Historical records indicate that the Korean monk Hyecho visited Lumbini in 719 AD. However, formal diplomatic relations were only established on May 15, 1974.

In the same year, the Republic of Korea inaugurated its embassy in Kathmandu, while Nepal established its embassy in Seoul in 2007. Since then, the relationship between the two nations has been characterized by goodwill, friendship, and mutual cooperation. The Cultural Agreement signed on March 30, 2005, aims to enhance collaboration in culture, arts, education, youth, sports, and tourism.

Celebrating a Golden Jubilee of Friendship

The year 2024 marks the golden jubilee of diplomatic relations between Nepal and Korea. In recent years, Korea has emerged as a significant destination for Nepali workers. As of July 2024, there are 69,438 Nepalis in Korea, including 53,484 skilled workers on E-7 visas, 46,930 workers under the Employment Permit System (EPS) with E-9 visas, and 6,334 students pursuing their studies.

Korea has emerged as a significant destination for Nepali workers. As of July 2024, there are 69,438 Nepalis in this country.

In 2001, a bilateral agreement established a consultation mechanism between the foreign ministries of both countries. This mechanism has fostered discussions on bilateral relations and facilitated further cooperation. Numerous high-level visits have also contributed to strengthening ties between the two nations.

Korea’s Role in Nepal’s Economic Growth

Korea has played a vital role in Nepal’s economic development and ranks among the top five foreign investors. Korean investments are concentrated in sectors such as hydropower, construction, and services. Leading Korean multinationals like Samsung and Hyundai have initiated operations in Nepal.

Korea has played a vital role in Nepal’s economic development and ranks among the top five foreign investors. Korean investments are concentrated in sectors such as hydropower, construction, and services

The Employment Permit System (EPS) agreement signed in 2007 has enabled Nepali workers to access Korean job markets. Since 1976, Korea has provided Nepal with development aid, including grants and technical assistance. However, challenges in policy implementation and strategic planning have limited Nepal’s ability to fully benefit from these opportunities.

Strategic Roadmap for the Future

As Nepal’s ambassador to Korea, my mission is to strengthen bilateral relations and elevate them to new heights. Key priorities include:

1.  High-Level Visits

To commemorate the golden jubilee, high-level exchanges between Nepal and Korea will be prioritized. These visits can facilitate the transfer of knowledge, technology, and investments from Korea while reinforcing mutual trust. Regular engagements by Nepali ministers and officials with Korean investors will be critical.

2.  Promoting Investment and Exports

Efforts will be made to address the trade imbalance by attracting Korean investments in energy, tourism, agriculture, and IT sectors. Collaboration with Nepal’s private sector will be fostered to create a more investment-friendly environment.

3.  Tourism Enhancement

Lumbini’s development as a global peace centre has immense potential to attract millions of Buddhists. Implementing the master plan prepared by Korean Professor Dr. Kwak Yong Hoon will transform Lumbini into a modern city of spirituality and peace. Establishing direct Kathmandu-Korea flights is crucial to increasing Korean tourist arrivals.

Implementing the master plan prepared by Korean Professor Dr. Kwak Yong Hoon will transform Lumbini into a modern city of spirituality and peace

4.  Labor and Employment Opportunities

Korea remains a popular employment destination for Nepali workers. Efforts will focus on increasing the EPS quota and addressing issues like mental health challenges faced by Nepali workers in Korea through effective stress-management programs.

5.  Educational and Skills Development

A strategic approach will encourage Nepali students in Korea to acquire skills and return home to contribute to national development.

6.  Parliamentary and Cultural Exchanges

Strengthening parliamentary friendship groups in both countries will bolster diplomatic and cultural ties. Initiatives will connect Nepal with Korea’s policymakers, intellectuals, and key institutions.

7.  Technology and Innovation

Korea’s global leadership in technology and innovation offers immense potential for Nepal. Collaborative projects in fields like artificial intelligence, robotics, and renewable energy can significantly contribute to Nepal’s progress.

Conclusion

As an ambassador, my duty is to represent Nepal with integrity, enhance its global reputation, and promote deeper ties with Korea. By fostering partnerships, attracting investments, and leveraging Korea’s expertise, I am committed to advancing Nepal’s development and elevating the bilateral relationship to greater heights.

(This article is based on insights from Dr. Tumbahamphe, the newly appointed ambassador to South Korea.)