Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

New Horizons in Korea-Africa Relations

Daniel Kim Views  

President Yoon Suk Yeol made a joint declaration to strengthen cooperation in areas including critical mineral supply chains, digital transformation, science and technology, and investment and infrastructure, with leaders from 48 African countries. This move is seen as laying the groundwork for expanding into Africa. At the KINTEX in Goyang, Gyeonggi Province, Yoon presided over the Korea-Africa Summit and announced a joint declaration encompassing three main agendas and seven key areas of cooperation between South Korea and Africa. About 48 out of 55 African countries participated in this multilateral summit.

The joint declaration includes a total of 25 items to enhance future cooperation between Korea and Africa. The three main agendas include Shared Growth, Sustainability, and Solidarity, with specifications of seven key areas of cooperation: trade and investment, response to global challenges, sustainable infrastructure, vocational training and education, digital transformation and science and technology, promotion of mutual understanding and exchange, and peace and security.

In the realm of trade and investment, the focus was on strengthening business partnerships through initiatives like Korea’s support for African industrialization, EPA, and TIPF, thus expanding the institutional foundation for economic cooperation. Moreover, cooperation was encouraged in large-scale infrastructure projects such as roads, railways, bridges, ports, and airports. The Tech Africa Initiative (TAI) was launched in the field of Information and Communication Technology (ICT) as a means to enhance economic cooperation. TAI supports the enhancement of the digital capabilities of African youth using Korean digital technology.

An additional 12 treaties and agreements and 34 MOUs were signed. These included six Trade and Investment Promotion Frameworks (TIPF), five Basic Agreements on the Economic Development Cooperation Fund (EDCF), three Infrastructure and Mobility MOUs, and two agreements on key mineral cooperation. Furthermore, agreements were made on renewable energy, climate change cooperation, ICT cooperation, cyber security cooperation, customs cooperation, and EDCF. Declarations were also made to start negotiations on two Economic Partnership Agreements (EPA).

Yoon emphasized, “We will explore sustainable cooperation methods for issues directly linked to future growth, such as stable supply of key minerals and digital transformation, with African countries.”

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[ASIA] Latest Stories

  • Hyundai Ioniq 5 N Time Spec Breaks Tsukuba Circuit Record, Cementing EV Performance Legacy
  • North Korea Sends Young Volunteers to Dangerous Jobs Under the Guise of Voluntary Participation
  • Tension Soars in South Korea’s Presidential Security: Arming Guards with Heavy Weapons After Resignation
  • Democrats Call for Accountability, Push to Investigate Yoon’s ‘Bloodshed’ Tactics
  • Hundreds of Trucks Deliver Scrap Metal Across North Korea for New Year Push
  • 1 Million Chinese Citizens Apply for Asylum During Xi’s Rule, As Repression Increases

You May Also Like

  • 1
    Novo Nordisk Just Bought the Next Big Thing in Weight Loss

    LIFESTYLE 

  • 2
    Strawberries + Nuts, Salmon & More: The Best Pairings for Your Wellness

    LIFESTYLE 

  • 3
    Truth About Narcolepsy: Symptoms, Causes, and How to Manage It

    LIFESTYLE 

  • 4
    Avoid These 10 Habits to Keep Your Brain in Top Shape

    LIFESTYLE 

  • 5
    Dining Out While Dieting: 10 Healthy Restaurant Meals You Can Enjoy

    LIFESTYLE 

Popular Now

  • 1
    How Real People Shaped Disney’s Most Beloved Animated Characters

    ENTERTAINMENT 

  • 2
    Why Olive Oil is the Ultimate Wellness Food You Shouldn't Overlook

    LIFESTYLE 

  • 3
    Is Barefoot Walking the Secret to Better Circulation and Less Stress?

    LIFESTYLE 

  • 4
    Actress Swears by Morning Saltwater—Doctors Say Don’t Overdo It

    LIFESTYLE 

  • 5
    Sweet and Salty? Tastes Great, But Here's What It's Doing to Your Body

    LIFESTYLE 

Must-Reads

  • 1
    Novo Nordisk Just Bought the Next Big Thing in Weight Loss

    LIFESTYLE 

  • 2
    Strawberries + Nuts, Salmon & More: The Best Pairings for Your Wellness

    LIFESTYLE 

  • 3
    Truth About Narcolepsy: Symptoms, Causes, and How to Manage It

    LIFESTYLE 

  • 4
    Avoid These 10 Habits to Keep Your Brain in Top Shape

    LIFESTYLE 

  • 5
    Dining Out While Dieting: 10 Healthy Restaurant Meals You Can Enjoy

    LIFESTYLE 

Popular Now

  • 1
    How Real People Shaped Disney’s Most Beloved Animated Characters

    ENTERTAINMENT 

  • 2
    Why Olive Oil is the Ultimate Wellness Food You Shouldn't Overlook

    LIFESTYLE 

  • 3
    Is Barefoot Walking the Secret to Better Circulation and Less Stress?

    LIFESTYLE 

  • 4
    Actress Swears by Morning Saltwater—Doctors Say Don’t Overdo It

    LIFESTYLE 

  • 5
    Sweet and Salty? Tastes Great, But Here's What It's Doing to Your Body

    LIFESTYLE 

Share it on...