Korea Collaborates with Nicaragua in Building Massive National Infrastructures | Be Korea-savvy

Korea Collaborates with Nicaragua in Building Massive National Infrastructures


Korea signed the first memorandum of understanding with the Nicaraguan government in the field of ICT. The specifics of the agreement are related to the all-out collaboration in ICT including software, high-speed Internet, digital contents, big data, and the relevant workforce education. (image: Ministry of Science, ICT and Future Planning)

Korea signed the first memorandum of understanding with the Nicaraguan government in the field of ICT. The specifics of the agreement are related to the all-out collaboration in ICT including software, high-speed Internet, digital contents, big data, and the relevant workforce education. (image: Ministry of Science, ICT and Future Planning)

SEOUL, Oct. 23 (Korea Bizwire)The Korean government has been collaborating closely with the Nicaraguan counterpart in the ICT field such as the national information society development and the installation of optical networks. Korea also seeks to partake in building massive national infrastructures in the Central American country.

It is reported that Minister Choi Yang-hee of the Ministry of Science, ICT and Future Planning in Korea met Orlando Castillo, Executive President of the Nicaraguan Telecommunications and Posts Institute, who is now attending the 2014 International Telecommunication Union (ITU) Plenipotentiary Conference in Busan, on October 21. Mr. Castillo is a key figure in the mutual collaboration of the two countries.

At the meeting, while addressing the optical networking project in progress and also the management and control system of a canal connecting the Pacific and Atlantic Oceans to be built from the year 2015 through 2019, Minister Choi showed keen interest in supporting the national projects.

Regarding the interest, Executive President Castillo as a committee member for the national infrastructure projects stated that the Nicaraguan President expressed his willingness to include Korean contractors in the massive national infrastructure projects like those for broadband optical networking, airports, seaports and a grand canal.

He also praised Korean companies’ prowess to build the broadband optical networking in his country, saying that he wanted to grab a chance to officially present the comprehensive national infrastructure projects here in Korea.

At the end of the meeting, Korea signed the first memorandum of understanding with the Nicaraguan government in the field of ICT. The specifics of the agreement are related to the all-out collaboration in ICT including software, high-speed Internet, digital contents, big data, and the relevant workforce education.

As for its jump into such collaboration, the Korean government decided to create a task force to advance comprehensively into Nicaragua and other countries with similar conditions to it.

By Eugene Yu (eugene@koreabizwire.com)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>