Kathmandu, Apr. 8: The Embassy of the Republic of Korea in Nepal is actively working to enhance bilateral relations between Nepal and Korea, with a particular focus on economic collaboration. In line with this goal, the Embassy, in partnership with the newly formed Nepal-Korea Business Entrepreneurs’ Association (NKBEA), organized a knowledge-sharing program on 8 April 2026.

Ambassador Park Tae-Young of the Republic of Korea to Nepal has consistently praised the achievements of Nepali workers who have returned from South Korea, recognizing them as key contributors to Nepal's economic progress. He emphasized that the Employment Permit System (EPS) should be seen as more than just a labor program, but as a platform for human development, enabling workers to gain skills, earn income, and return home with the ability to start their own businesses.

Ambassador Park also highlighted the importance of initiatives like the “K-Hami” project and programs supported by KOICA, which provide entrepreneurship training, mentorship, and access to startup loans for returnees.

Prem Kumar Gurung, President of NKBEA, emphasized the deep-rooted labor and cultural connections between Nepal and Korea. He explained that the Association was established to strengthen these ties by fostering meaningful partnerships in entrepreneurship, investment, and production.

NKBEA's primary goal is to create job opportunities by utilizing the skills, knowledge, and resources of Nepali returnees from South Korea, as well as attracting Korean investments to Nepal. The Association aims to support investments, facilitate trade, and promote partnerships between the two countries.

The NKBEA is planning to introduce various initiatives, such as organizing a Nepal-Korea Business Fair, creating a centralized business database, and offering capacity-building training programs. These efforts are aimed at enhancing networks for Nepali entrepreneurs, supporting product branding, and expanding market development opportunities.