Lao, Korean companies partner in the rollout of ICT solutions

LAO PDR (Vientiane Times) - A professional and experienced supplier of closed-circuit TV cameras, parking control systems, and parachute training to the Republic of Korea government sector, Gentop Co., Ltd., is joining forces in a specialized project with Asia Investment Development & Construction Sole Co., Ltd. (AIDC) of Laos.

Mr Hong-Dae Park (second left) hands over a CCTV system to Mr Souliya Ackhasone.

The companies plan to team up in the fields of construction, civil engineering, energy, telecommunications, and specialized equipment, with their operations expected to expand. As part of this cooperation, Gentop on Friday provided a CCTV system worth US$20,000 to AlDC for testing in Vientiane.

“We place a high value on Laos’ future market including the development of infrastructure and services based on ICT solutions and we expect that the cooperation between our companies will grow,” said Gentop President Mr. Hong-Dae Park. “This is the first time we have worked with a Lao company and we hope that our cooperation will increase in the future,” he added.

The presentation of the CCTV system was attended by Mr. Hong-Dae Park, the Deputy Director of AIDC’s Infrastructure and Security Department, Mr. Souliya Ackhasone, Director of the Korea Trade Investment Promotion Agency (Kotra), Mr. Park Chang Eun, and other involved parties.

Mr. Souliya thanked KOTRA for making cooperation between the two companies possible. “The cooperation between our two companies has taken place step by step and I strongly believe that this collaboration will increase in the future,” said Mr. Park Chang Eun.

KOTRA is helping to arrange business matching between Laos and South Korea by inviting established companies from different sectors in Korea to come to Laos with the intention of setting up business partnerships and expanding their market in Laos.