Dr. Mohamed Saad Katatni, head of the Freedom and Justice Party (FJP), said that Egypt is determined to establish the rule of law, as it goes through an important phase of democratic transition, pointing that the upcoming parliamentary elections, will represent a significant strategic shift in Egypt’s political life, security and economy.
During a meeting with South Korean Ambassador Kim Yong-Su and his accompanying delegation at the FJP headquarters in Cairo, Dr. Katatni said that Egypt is keen on consolidating ties and deepening trade relations with South Korea as a major partner, and that the FJP seeks to increase Korean investments in Egypt in the near future.
For his part, the Korean ambassador hailed the depth and strength of Egyptian-Korean relations, pointing that Egypt is a great, most populous country, and that it will be one of the most important economies in the world, due to its geographical location and its tremendous material and human resources.
The South Korean ambassador said: "I urge Korean businessmen to invest in Egypt, just as the Korean company Samsung has been doing. Samsung is opening up a new large factory in Beni Suef (on the River Nile, 74 miles south of Cairo), in 2013, which will employ a large number of Egyptian workers and export 80% of its production outside Egypt".