Two separate agreements have been signed between Nepal and Korea for the stable reintegration of emigrants returned from Korea and the strengthening of the Cyber Bureau of the Nepal Police. Finance Secretary Krishnahari Pushkar and Ambassador of the Republic of Korea to Nepal Park Chong-suk signed the memorandum of understanding held at the Ministry of Finance on Friday.
For the stable reintegration of workers returning to Nepal from Korea, it is going to strengthen the system of cooperation in a phased manner and establish a cyber bureau with capacity building of the Nepal Police.
At the rate of 80 million US dollars for each project, the Korean government will provide a total of 16 million US dollars (about two billion rupees) to Nepal for these two projects.
The Korea International Cooperation Agency (KOICA) will implement the project in cooperation and coordination with relevant ministries and other government agencies.
The project, which supports immigrants returning from Korea, aims to contribute to the socio-economic development of Nepal and increase employment by increasing the stable reintegration of immigrants returning from Korea and enhancing their entrepreneurial skills.
The project will also create a positive cycle and support system to increase access to information for returnees from Korea in Nepal and increase access to financial assistance through the Krishi Bikas Bank Limited.
Likewise, the main objective of the Cyber Bureau project is to strengthen the capacity of the police against cybercrime. In which, construction of a state-of-the-art building of the Cyber Bureau, equipment related to cybercrime investigation and digital forensic lab will be provided and the capacity of related manpower will be increased.
On this occasion, Finance Secretary Pushkar said that these two projects are important for enabling and equipping the Cyber Bureau to control the growing incidents of cybercrime, as well as for establishing the migrant workers who have returned from Korea in their society and increasing employment in Nepal.
Korean Ambassador Park Chong-suk expressed his concern about the increasing rate of cybercrime in the world and also in Nepal, and expressed his belief that the cybercrime control project will be an important help in enhancing the capacity of Nepal Police to control cybercrime.
Ambassador Park said that a large number of returnees from Korea can contribute to the country's economic growth by creating jobs through the establishment of enterprises and using their skills through projects related to immigrants.
