South Korea set to invest in Moroccan communication sector
Morocco-South Korea, Economics, 12/24/2003

The president of the S. Korean International Cooperation agency for New Information and Communication Technologies (NICT) has voiced his country's resolve to invest in the NICT sector in Morocco, underscoring that the South Korean experience in NICT is acknowledged all over the world.

Cho Sung Kap signed Tuesday two partnership conventions with the Moroccan association for IT professionals (APEBI) and the Technopark of Casablanca (a building that hosts 130 companies operating exclusively in NICT). The signing took place at the opening of Moroccan-S. Korean business meetings on NICT in the Moroccan economic capital.

According to Kap, NICT contributes by up to 15 percent in the S. Korean GDP. Sixty five percent of the population in the South Korea has access to the internet and 23 million S. Koreans are subscribers to the mobile phone system, he noted.

Morocco and South Korea engage under the two conventions to promote the NICT sector, boost cooperation between Moroccan and South Korean companies, increase the flow of bilateral exchanges between small and middle-sized enterprises operating in NICT and develop business opportunities between technology parks in S. Korea and the Casablanca Technopark.

Moroccan industry, trade and telecommunication minister, Rachid Talbi Alami, said his department has elaborated a national strategy aimed at consolidating Morocco's position in world of information technology. He voiced satisfaction at the impact of the liberalization of the NICT sector in 1997, noting that the number of subscribers to the mobile phone network in Morocco has reached 7 million in 2003 and the sector contributes by 4 percent in the national GDP.

For the minister, the Moroccan-S. Korean cooperation in NICT is likely to constitute an ideal platform for S. Korean companies whishing to invest in European, African and Arab markets given Morocco's geo-strategic location.

According to the S. Korean ambassador in Rabat, the volume of trade exchanges between Morocco and South Korea is annually valued at US $100 million.

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