The Embassy of the Republic of Korea in Nepal organized the ‘2024 Corporate Social Responsibility (CSR) Forum’ on Dec 14 in Kathmandu to mark the 50th anniversary of diplomatic relations between Korea and Nepal. The forum highlighted the enduring partnership between the two countries, focusing on the contributions of Korean companies to Nepal’s social and economic development.

The seminar’s guest of honor, Baburam Adhikari, Joint Secretary of the Ministry of Industry, Commerce, and Supplies, praised South Korea’s significant support in Nepal’s development, especially in the areas of social progress and investment. He described the 50-year journey as a shared tale of mutual respect and values, which has contributed to both personal and economic development in Nepal.

Park Taeyoung, Ambassador of the Republic of Korea, underscored the importance of policy development and investment in key potential areas. He reaffirmed Korea’s commitment to supporting Nepal as a ‘RAMRO SATHI’ (Good Friend) and emphasized the need for collaboration to foster sustainable development.

In his speech, Ambassador Park stated, “This year holds special significance as we mark the 50th anniversary of diplomatic relations between Korea and Nepal. This milestone reflects the depth of friendship, cooperation, and shared aspirations between our peoples.”

He highlighted the significant contributions of Korean companies in supporting Environmental, Social, and Governance (ESG) principles and CSR activities in Nepal. These initiatives, including sustainable development projects and community empowerment programs, reflect the unwavering commitment of Korean companies to positively impact the environment and society.

The ambassador expressed gratitude to the visionary Korean companies whose donations and capacity-building efforts have not only strengthened economic ties but also improved the lives of many Nepalis. He also called for continued cooperation from the Government of Nepal to ensure a favorable environment for foreign investment.

“This forum represents an opportunity to deepen our understanding of how CSR initiatives can drive sustainable growth and inclusive prosperity,” Park added. “It also symbolizes the enduring friendship between Korea and Nepal, built on mutual respect and shared goals. Let us work together to make the next 50 years of our partnership even more remarkable.”