Lanka, Korea sign three agreements

Three bilateral agreements were signed between Sri Lanka and Korea at the Blue House, the official residence of the Korean President in Seoul yesterday. The agreements were signed following bilateral talks between President Mahinda Rajapaksa, who is on a four-day official visit to Korea and his Korean counterpart, Lee Myung-Bak.

Agreement for the Cooperation in the area of Informatisation

was signed by External Affairs Minister Prof G L Peiris and Korean Public Administration and Security Minister Maeng Hyung-kyu.

Agreement on the Economic Development Cooperation Fund to provide US $ 200 million for development activities in Sri Lanka was signed by the Secretary to the President Lalith Weeratunga and Korean Vice Finance Minister Shin Je Yoon.

Agreement for an Electric Power Partnership was signed by Power and Energy Ministry Secretary M M C Ferdinando and Korean Vice Minister of Knowledge and Economy Yoon Sang-Jick.