As Sri Lanka is in the grip of a serious economic crisis, South Korea has decided to increase employment prospects for Sri Lankans. South Korea has announced that due to Sri Lanka’s economic crisis, it will focus on increasing employment opportunities for Sri Lankan citizens in the country. South Korea’s Coordination Minister Koo Yun Cheol was visiting Sri Lanka from March 31 to April 2 and after a courtesy visit to Sri Lankan President Gotabaya Rajapaksa at the presidential secretariat, Cheol announced the country’s decision to help the citizens of the island country.
During the call, the Korean Coordinating Minister said that in the 45th year of diplomatic relations between Sri Lanka and South Korea, the two countries should consider various methods to further develop their strong bilateral relations. in the future. Cheol also promised that he would encourage more Korean entrepreneurs to invest in Sri Lanka and share their technological experience with residents of the country.
Sri Lankan President Gotabaya Rajapaksa pressured to resign
Meanwhile, Sri Lankan President Gotabaya Rajapaksa was forced to resign amid the economic crisis. However, Sri Lanka’s chief government whip, Johnston Fernando, said the president would not step down and would continue to address current concerns. Fernando said President Rajapaksa would not step down under any circumstances as a responsible government.
Sri Lankan Foreign Minister GLPeiris expressed Sri Lanka’s gratitude to the Korean government for the tremendous assistance provided so far through loans and the Economic Development Cooperation Fund (EDCF), saying that the government was eager to expand in many areas, including pharmaceutical production, small and medium enterprises (SMEs), waste disposal and energy, according to Ada Derana. Minister Peiris also said that the two parties have decided to work together to improve collaboration in mutually beneficial areas.
Sri Lanka faces food and fuel shortages
Sri Lanka also faces food and fuel shortages, which affect much of the island’s population. Since the outbreak of the COVID-19 pandemic, the economy has been in free fall. Sri Lanka is also experiencing a shortage of foreign currency, which has hampered the country’s ability to buy food and fuel, leading to power outages. The country has been forced to seek help from other countries due to a lack of basic commodities.