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Honduras: South Korean Cooperation Paves Way for Startup Cities

By: PanAm Post Staff - Jun 3, 2014, 6:53 am

EspañolIn Honduras, two delegations from South Korea are paving the way for the creation of the promising startup cities or ZEDEs (Zones of Employment and Economic Development). The latest one to arrive last week, made up of customs experts, visited Honduras’s ports and announced future projects for their modernization, in accordance with the latest international standards.

Customs in the Central American country will undergo a comprehensive reform during the next two years, and Jung Yeon Gyo, head of South Korea’s Division of Information and Planning, said his country has the necessary experience, training, and technological tools to make it more agile and efficient. The Asian nation currently prides itself in one of the world’s most efficient customs systems.

This first official mission took place on May 14, when a major technical team, comprising members of leading South Korean companies Soosung, Hana, and LH, arrived to prepare a feasibility study for ZEDEs in the southern Honduran regions of Valle and Choluteca.

Once the study is ready, it will then be forwarded to the World Bank and the International Monetary Fund for financing.

Source: La Tribuna, Asociación Hondureña de Maquiladores.