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‘I Carry Happiness to Sri Lanka’

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Santhush Woonjin JEONG

By Santhush Woonjin JEONG -Korean Ambassador

Ayubowan, Vanakkam, Annyonghasimnikka (Korean Greeting)

My heartiest congratulations on Sri Lanka’s Independence Day! As Ambassador of the Republic of Korea to Sri Lanka, I am delighted to convey my warm felicitations to the friendly people of Sri Lanka on the occasion of the 74th Independence Day. As all Sri Lankans worldwide celebrate the independence of the ‘Prosperous Motherland that Overcomes Challenges,’ I am happy to say that the Republic of Korea celebrates together with you!

It is indeed a memorable year for the friendship between Korea and Sri Lanka as we commemorate the 45th year of our diplomatic relations between our countries this year. Since 1977, Korea and Sri Lanka have come a long way together to form a symbiotic bilateral partnership, strengthened by mutual goodwill and high level exchanges. I look forward to extending cooperation in a future-oriented way between the two countries, opening a new chapter of elevated bilateral relations for the next 45 years.

To mark this landmark anniversary, the Foreign Minister of Sri Lanka, Hon. Prof. G. L. Peiris visited Korea early this year. The official bilateral Foreign Ministers’ meeting was the first bilateral engagement at the level of the Ministers of Foreign Affairs in 2022 for Korea as well as Sri Lanka. In his meetings with many of high ranking Korean officials during his visit to Korea, Hon. Peiris strongly initiated and raised the necessity of increasing the quota provided for employment to Sri Lankans in Korea and enhancing more ODA support to Sri Lanka. An increase in the quota for employment provided for Sri Lankans will replenish the much needed foreign reserves in Sri Lanka and revive the economies of both countries. In 2019, Sri Lankan migrant workers remitted approximately 520 million US dollars for one year from Korea to Sri Lanka prior to the COVID-19 pandemic. There will be a favourable response from Korea to the requests of the Hon. Foreign Minister in the near future, considering the vital role Sri Lankan workers in Korea play to secure the economic situation of both countries.

Also following the Hon. Peiris’s visit to Korea, the Speaker of the National Assembly of the Republic of Korea, Hon. Park Byeong-Seug paid an official visit to Sri Lanka at the official invitation of his counterpart, Hon. Mahinda Yapa Abeywardana last January and at the verbal invitation of Foreign Minister of Sri Lanka who paid a call on the Hon. Korean Speaker during his visit to Korea. Hon. Korean Speaker is the first Speaker of a foreign country who visited Sri Lanka at the official invitation by the Sri Lankan Speaker since the inauguration of the 9th Parliament in 2020. In the course of the official visit, Hon. Speaker had met with the President of Sri Lanka H.E. Gotabaya Rajapaksa, the Prime Minister of Sri Lanka Hon. Mahinda Rajapaksa, the Speaker of Parliament in Sri Lanka, Hon. Mahinda Yapa Abeywardana, Foreign Minister Hon. Prof. G. L. Peiris, other Ministers and dignitaries, and held fruitful discussions to promote bilateral ties including economic and labour cooperation as well. Now the Parliament of Korea is making arrangements to increase the quota provided for Sri Lankan employees and increase ODA assistance at the request of the Sri Lankan Government. These high level exchanges continue to reaffirm the special relationship between our two countries and herald the dawn of a new era of strengthened relations between Korea and Sri Lanka.

Furthermore, the stability in the bilateral partnership between Korea and Sri Lanka is also a testimony to the historic, religious, cultural, social and economic exchanges which have evolved over time. The contours of this relationship extend to the commonalities in the historical experiences of Korea and Sri Lanka. While both countries faced many hardships in the past, the peoples of both nations struggled for freedom, security and prosperity. The celebration today is a tribute to the people of Sri Lanka who continued to struggle peacefully to achieve independence on 4th February 1948 and become a sovereign independent state among the international community.

The Pearl of the Indian Ocean is strategically valuable considering its geo-politically significant location, abundance of natural resources and skilled human resources. Korea’s capital and state-of-the-art technology will be complementary to create the perfect synergies for our two countries to advance bilateral economic cooperation. The trade volume between Korea and Sri Lanka has increased by 30-fold since its establishment of diplomatic ties in 1977, and a special investment zone for Korean entrepreneurs in Sri Lanka will attract more Korean investors to Sri Lanka.

Our two nations and people are examples of the resilience, steadfastness and hope even in the most difficult circumstances. Korea’s economic miracle, so called ‘The Miracle on Han River’ is a story of overcoming many hardships by the Korean people that led to the national development from poverty to prosperity. I believe that Sri Lanka will also be developed to “the Miracle on Kelani River” While we have come a long way together in the path of development, there is a lot more to be done. We should resolve to work towards realizing the dream of building back better for our future generations.

As Sri Lanka’s long-standing friend and partner, Korea has been committed to assist Sri Lanka to get over the coronavirus, a pandemic that gripped the entire world with fear, uncertainty and claimed thousands of lives. With a high vaccination rate of over 80 percent, it is commendable that Sri Lanka has worked hard together to overcome these difficult circumstances. Under the “stay strong” campaign, Korea has been a friend indeed in times of need, by donating around 3 million U.S. dollars’ worth of equipment to combat COVID-19 virus in Sri Lanka in the last two years. I assure you that Korea will continue to support Sri Lanka overcome the COVID-19 virus and resuscitate its economic activities.

Meanwhile, newly recruited Sri Lankan migrant employees are now welcome to enter Korea and assume their jobs. Recently, the Korean Government decided to resume the entry of new Sri Lankan workers and workers from other foreign countries to Korea. In January 2022, 169 Sri Lankans have arrived in Korea for employment purposes. Around 22,000 Sri Lankan employees are presently in Korea. In 2019, they remitted approximately 520 million US dollars for one year from Korea to Sri Lanka prior to the COVID-19 pandemic. As they are able to resume work in Korea I am sure that they will contribute to the economic growth and assist Sri Lanka enhance foreign reserves. At the same time, learning Korean language will be a valuable advantage to qualify as a skilled migrant worker in Korea. It is with great pleasure I appreciate the tireless efforts of the Sri Lankan government to adopt Korean as a foreign language in the advanced level classes from 2021. Sri Lankan students can now prepare to sit for the Korean language examination in the advanced level examination by 2023. Korea will continue to engage in developing vocational education and training to forge a more skilled and competitive labour force in Sri Lanka. Furthermore, Korea will take active measures to increase the quota provided for employment for Sri Lankans in Korea.

Korea-Sri Lanka relations have widened on multiple paradigms in which development cooperation is of utmost importance. Sri Lanka is one of Korea’s principle ODA cooperation partners. KOICA has continued to assist and fund commercial and infrastructure projects in various fields such as education, transportation, water resources, food and agricultural development, thus augmenting the development of Sri Lanka. As a reliable friend, Korea is a trustworthy partner of Sri Lanka to meet the current needs of national development. With these as a momentum, the bilateral ties are expected to widen and deepen further in coming years.

As the Ambassador of the Republic of Korea like the meaning of my Sri Lankan name “Santhush,” I would really like to carry happiness to Sri Lanka. I love Sri Lanka. I love Sri Lankan people. On this occasion of celebrating this important milestone of your country’s rich history, on behalf of the government and the people of the Republic of Korea, I take this opportunity to wish every success, peace and prosperity to the government and friendly people of Sri Lanka. I will closely work with all of you to achieve our common goals.

Once again, I wish all our Sri Lankan friends a very happy and memorable Independence Day!

Let’s stay strong together!



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Major investment push in Sri Lanka’s solar economy

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Ashish Khanna

By Ifham Nizam

Sri Lanka’s renewable energy sector is poised for a significant investment surge as the International Solar Alliance (ISA) moves to operationalise a comprehensive Country Partnership Strategy (CPS), positioning the island as a key emerging hub for solar deployment and green financing in South Asia.

A high-level ISA delegation led by Director General Ashish Khanna is currently in Colombo (April 6–9), engaging with policymakers, multilateral lenders, and private sector stakeholders to fast-track a pipeline of solar projects exceeding 4 gigawatts (GW) under the Renewable Energy Project Development Plan (2025–2030).

From Policy to Projects: Unlocking Capital Flows

At the heart of the mission is a decisive shift from policy frameworks to bankable project execution. The CPS outlines a multi-year roadmap aimed at mobilising private capital, strengthening regulatory systems, and accelerating project approvals—long seen as a bottleneck in Sri Lanka’s energy sector.

Energy Minister Eng. Kumara Jayakody emphasised that the strategy provides “clarity across the solar value chain,” particularly in investment mobilisation and regulatory alignment. For investors, this signals reduced risk and improved predictability—two critical factors for scaling infrastructure financing.

Industry analysts note that Sri Lanka’s solar ambitions could unlock billions of dollars in investments over the next decade, especially as global funds pivot toward climate-aligned assets in emerging markets.

A key commercial opportunity emerging from the ISA mission is the focus on floating solar projects and battery energy storage systems (BESS). These segments are expected to attract both foreign direct investment (FDI) and technology partnerships.

Floating solar, in particular, offers Sri Lanka a competitive advantage due to its extensive reservoir network. Coupled with battery storage integration, it enhances grid stability—an essential requirement as renewable penetration increases.

The mission includes a dedicated Floating Solar Workshop aimed at accelerating project readiness, indicating near-term opportunities for engineering firms, developers, and financiers.

University-Industry Linkages to Drive Green Jobs

A landmark Memorandum of Understanding (MoU) to establish a Solar Technology Application Resource Centre (STAR-C) at the University of Moratuwa is expected to strengthen local technical capacity and innovation.

Beyond academia, the initiative is designed to support testing, certification, and workforce development—critical for creating a domestic solar ecosystem. This move aligns with broader efforts to localise value chains and reduce dependence on imported expertise.

Khanna highlighted that the STAR-C would play a pivotal role in job creation and skills development, reinforcing the economic multiplier effect of renewable energy investments.

Sri Lanka’s push toward solar is also driven by macroeconomic imperatives. With global fossil fuel prices remaining volatile, the country’s heavy reliance on imports has strained public finances.

Solar energy, which has already surpassed 1 GW in installed capacity, is expected to contribute nearly 75% of emissions reductions under Sri Lanka’s Nationally Determined Contributions (NDC 3.0) for 2026–2035.

More importantly, it offers a pathway to reduce foreign exchange outflows and enhance energy security—key priorities as the country navigates post-crisis economic recovery.

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DevPro Guarantee Limited (DevPro) and Affno Virtual Market (Pvt) Limited (AVM) recently entered into a partnership to launch a cloud-based Software-as-a-Service (SaaS) digital marketplace platform “Green Tape Agri Exchange’ to uplift smallholder farmers/ producers in the spice value chain by connecting them with end buyers.

Smallholder farmers are the backbone of Sri Lanka’s agriculture sector, managing nearly 80% of the nation’s farmland and producing about 80% of nation’s food production. They are essential to food security, rural employment, and economic stability. However, poverty among smallholder farmers is a persistent rural crisis. Recent studies have highlighted the depth of this issue with approximately 82% of the country’s poor being concentrated in rural areas where agriculture remains the primary livelihood.

Due to inefficient marketing systems – poor market access, inadequate storage facilities and a lack of information on market prices – smallholder farmers often receive less than the optimal market prices which considerably limit their ability to expand operations, improve productivity and achieve scale.

Speaking on the partnership, DevPro’s Executive Director Chamindry Saparamadu said ‘as an organization committed to building a sustainable agriculture sector, we are pleased to collaborate with AVM to explore means to address market barriers through digital innovation. Our ultimate objective is to empower smallholder farmers and strengthen the local economy by creating a transparent and sustainable supply chain’. The CEO/ Managing Director of AVM Suren Kannangara said ‘we are excited to partner with DevPro to digitally transform the agricultural value chain. Green Tape Agri Exchange represents a scalable, data-driven model to digitize fragmented markets, improving price discovery, reducing intermediaries, and creating predictable, quality-driven market access for both farmers and buyers.

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Nestlé brands NESCAFÉ and MAGGI triumph at SLIM-KANTAR People’s Awards 2026 for fifth consecutive year

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Nestlé’s household favourites continued their winning streak at the SLIMKANTAR People’s Awards 2026, taking home two awards this year. NESCAFÉ was voted People’s Hot Beverage Brand of the Year while MAGGI emerged as the joint-winner for People’s Snack Brand of the Year respectively for the fifth consecutive year. Organized by the Sri Lanka Institute of Marketing (SLIM), the SLIM-KANTAR People’s Awards is widely considered as one of the most prestigious awards ceremonies in the country, rewarding brands and personalities that are closest to the hearts of Sri Lankans.

Loved by Sri Lankans for its distinct aroma and rich taste, NESCAFÉ is made with the goodness of 100% pure coffee beans to create great coffee experiences that make life better. Made using Sri Lankan spices and the finest ingredients, the tasty goodness of MAGGI noodles has been a household favourite by Sri Lankans for over 40 years.

Sharing his thoughts, Bernie Stefan, Chairman and Managing Director of Nestlé Lanka said “The People’s Awards hold special meaning for us as they are shaped entirely by consumer choice. Being recognised for the fifth consecutive year for NESCAFÉ as Hot Beverage Brand of the Year and MAGGI as Snack Brand of the Year reflects the enduring trust Sri Lankan consumers place in our brands – trust that has been built over generations during our 120‑year journey in Sri Lanka. This recognition belongs to our teams, whose commitment to quality and understanding local tastes continues to earn the confidence of consumers. We are grateful for this continued support and remain focused on serving Sri Lankan households with tasty and nutritious products”.

Guided by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé Lanka has been enriching Sri Lankan lives for 120 years, nourishing generations with tasty, and nutritious products across the country. The company remains committed to supporting healthier families, empowered communities, and a greener planet. Nestlé Lanka manufactures over 90% of its products locally at its state‑of‑the‑art factory in Kurunegala, upholding the highest standards of safety and quality.

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