Officials sign MOU with South Korean foundation to drive IT development

Tuesday, March 15, 2011

Honduran officials have signed a memorandum of understanding (MOU) with Jae Goo Lee, president of South Korea's technological innovation foundation, to push technology development in Honduras, according to a government press release.

The MOU was signed by Lee, along with Honduran President Porfirio Lobo and science and technology minister Ramón Espinoza, to promote the creation of research institutes, science and technology parks, special regions of development and model cities in Honduras.

According to Espinoza, the memorandum demonstrates the government's view that science and technology development is a fundamental tool for economic and social growth.

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He said the government will look to the South Korean model as a guide and example for driving development in Honduras, helping to solve problems like unemployment and poverty. Espinoza highlighted that in 1962, when the two countries first began diplomatic relations, they were at the same level of economic development, but now South Korea's per capita income is 15 times higher than that of Honduras.