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Korea could assist SL to reach pinnacle of development – Ambassador Woonjin JEONG

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By Lynn Ockersz

‘The time is right for Sri Lanka to change and take a leap to a higher level. Korea is the very country that can assist Sri Lanka to reach the pinnacle of national development and prosperity. Korea’s economic miracle, “The Miracle on the Han River” is a story of overcoming many hardships by the Korean people that led to Korea’s national transformation from poverty to prosperity. As a true friend, Korea would like to share the technological know-how and resources to help Sri Lanka to achieve “the Miracle on the Kelani River”, ambassador to the Republic of Korea in Sri Lanka Woonjin JEONG said.

Speaking to ‘The Island Financial Review’ recently in an exclusive interview ambassador JEONG also said that besides providing growing markets for Sri Lanka’s rubber, coconuts, graphite and apparels, among many other items, Korea-Sri Lanka tourism links are another area in bilateral economic ties that could be further developed. He said that 13,000 Koreans visited Sri Lanka last year. ‘But this is only 0.5 per cent of the total tourism in Korea.’

The interview:

In which broad directions do you hope to take Korea-SL ties?

Since the establishment of diplomatic relations in 1977, Korea and Sri Lanka have come a long way together to form a cordial bilateral partnership. We have been true friends to each other. Our relations have much potential to grow. 

Sri Lanka is not only one of Korea’s priority ODA cooperation partner countries, but also one of the top five countries that are benefitted from the Economic Development Cooperation Fund of Korea. The sum of investment in various ODA projects and grants for Sri Lanka since 1987 is over one billion USD. The Sri Lanka office of KOICA has assisted and funded commercial and infrastructure projects of Sri Lanka in the various fields such as education, transportation, water resources, sanitation and regional development in Sri Lanka. 

The engagement in labour cooperation has also been impressive in recent years. 23,000 Sri Lankan employees are presently in Korea. Around 520 million US dollars were transmitted by them from Korea to Sri Lanka last year. They greatly contribute to the economic advancement of both countries. Since COVID-19 outbreak, the process of departure to Korea for employment has been suspended. However, it resumed last September and I invited the first batch of Sri Lankan migrant workers who were going to the Republic of Korea to express my appreciation for their contribution to uplift the economies of both countries.

Our cultural exchanges also have intensified over the years. The Korea Week 2020 was conducted virtually on digital platforms to provide an immersive experience of the Korean culture. I witnessed the enthusiasm and interest among the Sri Lankan participants. It is evident that our cultural bonds have grown stronger over the years.

I hope to further expand our economic ties, labour cooperation and cultural exchanges during my term as Ambassador to Sri Lanka.

What are the best investment opportunities for Korean corporates in SL?

Korea was Sri Lanka’s biggest foreign investor during the 1980s and early 90s. I believe that it is an opportune moment for Korea and Sri Lanka to revive investments, learn from each other’s experiences and intensify mutually beneficial trade and FDI. Sri Lanka is endowed with natural resources and high quality human resources which are very complimentary with the capital and technology of Korea.

The South Korean economy is the 10th largest in the world with a GDP of $1.6 billion; the exports have increased by 750 times between 1970 and 2018. 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 transformation from poverty to prosperity. As a true friend, Korea would like to share the technological know-how and resources to help Sri Lanka achieve “the Miracle on Kelani River”. I can say that it is the right time for Sri Lanka to change and take a leap to a higher level. Korea is the very country that can assist Sri Lanka to reach the pinnacle of national development and prosperity.

I invite Korean investors to explore opportunities especially in the key sectors including agriculture, renewable energy, infrastructure, LNG, digital economy and so on. There is more potential for the business opportunities to expand between our two countries.

Likewise, what are the best opportunities for SL businesses in Korea?

Import and export relationship is also important as it is two wheels of the same vehicle. Sri Lanka is famous in Korea for rubber, coconut and graphite. Furthermore, apparel products including leather, fabric, and other agricultural items make a significant contribution to the Korean economy. I would also like to mention that Sri Lankan tea is very popular among Koreans for its high quality and distinct taste. 

Tourism is also another main aspect; 13,000 Koreans visited Sri Lanka last year. It is only 0.5% of the total tourism in Korea. I am confident that more tourists will arrive in Sri Lanka to enjoy the charm and beauty of the island as Sri Lanka was ranked as the top country to visit by the famous travel guidebook publisher,” Lonely Planet” in 2019.

How are Lankans in Korea contributing to Korea’s well being?

Approximately 23,000 Sri Lankan workers are employed in Korea under the Employment Permit System (EPS). The proactive engagement of the EPS centre has led to the first delegation of migrant workers heading for Korea and it has strengthened the strong bilateral relations of the two countries amid the coronavirus pandemic. 

The Republic of Korea is maintaining a strong policy of equal pay for equal work which applies to both Korean nationals and foreign workers including Sri Lankan people. Sri Lankan migrant workers have contributed greatly to uplift both economies. I consider them as civilian diplomats on Korean soil and the Republic of Korea is appreciative of their precious contribution to the Korean economy.

I hope to expand the labour collaboration between our two countries. 

S. Korea is one of the most creative countries. What are the keys to her success?

The Republic of Korea witnessed economic growth with the sheer hard work and dedication of its people. With the limited territory and natural resources, Korea has focused on education and investment on people. The strength of world-renowned enterprises such as Samsung, Hyundai and LG also empowered the Korean economy. With the technological advancement, Korea is a major force in several fields including smart devices, automotive, shipbuilding, and heavy industries. However primary industries such as mass agricultural production also contributed to the economic success in Korea.

The Korean cultural renaissance including K-pop and K- dramas have become popular globally and have also contributed to the economy and helped attract more tourists. Korea would like to share the success stories with Sri Lanka as Korea developed with limited resources, limited workforce. As the ambassador to the Republic of Korea, I love Sri Lanka, I love Sri Lankan people. I look forward to closely working with all of you to achieve our common goals. Let’s stay strong together!



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Cricket to speak for every life that can be saved on Sunday July 19

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Pink match Dambulla Sixers vs. Jaffna Kings

Dambulla Sixers Pink Match calls Sri Lanka to wear pink, fill the SSC, and take the TLC (Touch, Look, Check) message home

There are days when cricket is about the result. There are days when it is about pride, rivalry, form and the final over. And then there are rare days when cricket is asked to carry something far greater than the game itself. Sunday, July 19, will be one of those days.

At 3.00 p.m. at the SSC Grounds, the Dambulla Sixers will meet the Jaffna Kings in the Lanka Premier League. But before the first ball is bowled, the country will be invited to stand together for a message that can save lives. This is the LPL Pink Match 2026.

It is not simply a match played in pink. It is a national reminder that breast cancer awareness matters, early detection saves lives, and every family has a role to play. The call to the public is direct:

Buy a ticket. Come to SSC. Wear pink. Bring your family and friends. Share the flyer. Post it on your WhatsApp Status and social media. Wear the official Pink Fan T-shirt. Most importantly, take home the message of TLC — Touch, Look, Check.

A match with a message

The Dambulla Sixers will take the field in specially designed pink playing apparel and pink helmets. The stadium will carry breast cancer awareness messages, the TLC logo will be displayed on giant screens, and the live broadcast will carry the message to homes across Sri Lanka. The Jaffna Kings will also take part in the Pink Match ceremony, reminding the country that while there may be opposing sides in cricket, there are no opposing sides in the fight against cancer.

Children from Suwa Arana – A Place for Healing, together with children from SOS Children’s Villages Sri Lanka, will join both teams on the field during the official ceremony. Their presence will give the day its deepest meaning. It will remind spectators that illness does not stop with the patient. It enters homes, affects siblings, changes routines, tests parents, and demands courage from entire families.

Three words that matter

The message of the Pink Match is simple enough for every home to remember.

Touch. Look. Check.

Touch — become familiar with your breasts and notice any lump, thickening or unusual change.

Look — check for changes in shape, size, skin or nipple.

Check — seek medical advice without delay if something feels or looks unusual.

In Sri Lanka, breast cancer remains the most common cancer affecting women. According to the campaign material, approximately 15 women are diagnosed every day, while three women lose their lives to the disease. Yet the central message is one of hope: when detected early, breast cancer is highly treatable.

That is why this match matters. Not because a cricket match can replace medical care. It cannot. But a cricket match can start a conversation. It can remind a daughter to speak to her mother. It can encourage a husband to support his wife. It can make a workplace talk about women’s health. It can help remove fear and delay.

Sometimes, the first step towards saving a life is not taken in a hospital. It is taken in a home, when someone says, “Please check.”

More than a one-day gesture

What gives this initiative particular strength is that it is not a cause attached to cricket for a day. It is rooted in a deeper relationship. Before the Pink Match, the Dambulla Sixers team will visit Suwa Arana – A Place for Healing, where children receiving cancer treatment and their families are supported with accommodation, meals, care and dignity while they travel for treatment at Apeksha Hospital. The team visit will include time with children and families, a guided experience through Suwa Arana, and the official launch of the LPL Pink Match 2026 and the TLC National Breast Cancer Awareness Campaign.

This matters because compassion cannot be staged only under stadium lights.

It must begin in quieter places — in patient rooms, dining areas, kitchens, play spaces, healing gardens and waiting moments. By beginning at Suwa Arana and continuing at SSC, the Dambulla Sixers are connecting the human reality of cancer care with the national reach of cricket.

That is the bridge this campaign is trying to build.

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The Ceylon Chamber’s Commercial Document Registration Division expands export support

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The Commercial Documents Registration Division (CDRD) of The Ceylon Chamber of Commerce has expanded its export support services with the introduction of the Free Sale Letter for Pharmaceuticals, providing Sri Lankan pharmaceutical manufacturers and exporters with an additional document certification service to support their export processes and compliance requirements in international markets.

The new service expands CDRD’s portfolio of trade documentation solutions, which includes Certificates of Origin and the certification of key commercial documents required by overseas buyers, customs authorities, and regulatory bodies. These services assist exporters across sectors by helping ensure their documentation meets applicable requirements for international trade.

Established in 1925 as one of the authorised institutions to issue Certificates of Origin in Sri Lanka, CDRD has supported the country’s international trade for nearly a century. Today, the Division provides certification and verification services to exporters, manufacturers, freight forwarders, logistics providers, and other trade stakeholders, supporting businesses in meeting documentation requirements for global markets.

In addition to pharmaceutical certification, CDRD facilitates the certification of Commercial Invoices, Packing Lists, Price Lists, Health Certificates, Phytosanitary Certificates, Certificates of Analysis, Bills of Lading, Survey Reports, Beneficiary Certificates, and other export-related documents. The Division also issues Free Sale Letters and Surveyor Appointment Letters, while supporting exporters through the Ministry of Foreign Affairs’ Electronic Document Attestation System (e-DAS), enabling secure and efficient document authentication.

Through established processes, digital solutions, and its e-service platform, CDRD continues to enhance the efficiency and accessibility of trade documentation services. Available 24/7 and 365 days of the year, the platform enables exporters to submit and manage documentation requirements conveniently while ensuring that certified documents meet internationally accepted requirements. By providing reliable documentation support and adapting its services to changing trade needs, the Division assists Sri Lankan businesses in managing export requirements and accessing international markets.

For more information on obtaining commercial document registration services, contact Achala via achala@chamber.lk / 0115588886

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Siyapatha Finance unveils newest branch in Bandarawela

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Siyapatha Finance PLC recently expanded its island-wide footprint with the successful inauguration of its 64th branch in Bandarawela. Strategically located in scenic hill town in the Badulla District, the latest branch offers convenient and wider access to tailored, customer-centric financial solutions.

The branch was ceremoniously declared open by Siyapatha Finance PLC Chief Executive Officer (CEO) Mathisha Hewavitharana, joined by Chief Operating Officer (COO)Rajeev De Silva, Ms.D.M. Dewmi Tharindi, a student of Bandarawela Dharmapala Vidyalaya who won the Under-18 Girls’ 3,000m event at the Junior National Athletics Championship, the Senior Management and staff members as well as Traffic OIC Kandasami, Trade Association Secretary Sunanda Rathnayaka, representatives of the government and private banks and insurance companies and well-wishers.

Sharing his thoughts, Siyapatha Finance PLC CEO Mathisha Hewavitharana remarked: “We are deeply honoured to be of service to the people of Bandarawela. Opening this branch is a pivotal step in our 2026 expansion strategy and a reflection of our commitment to strengthen our presence in Sri Lanka. It is a region that showcases potential for greater economic development primarily through the country’s traditional agricultural practices. We look forward to reaching as many different communities as possible in the coming years.”

The Bandarawela branch offers a comprehensive product portfolio including leasing, fixed deposits, gold financing, business loans, personal loans, fast draft, and factoring to Smart Pay, the Company’s bill payment facility. With a thorough understanding about the current socio-economic dynamics of the region, the well-trained team at the newest branch is dedicated to providing flexible financial solutions to aspiring individuals as well as small and medium-scale enterprises (SMEs).

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