“Semiconductor miners, let’s be part of Korean know-how” forward of the African Summit

President Yoon Seok-yeol shakes arms with Tanzanian President Samia Suluhu Hassan throughout an settlement and MOU signing ceremony held on the Presidential Workplace Constructing in Yongsan, Seoul on the 2nd. / Workplace of the President

President Yoon Seok-yeol mentioned on the 2nd, “On the Korea-Africa Summit (4th-Fifth), we are going to lay the muse for complete cooperation, together with the trade of knowledge on key minerals, co- technical operation, and joint analysis.” In a written interview with AFP information company revealed as we speak, President Yoon mentioned, “Korea is a high-tech industrial manufacturing powerhouse, however we depend on imports for greater than 95 % of uncooked minerals.”

President Yoon mentioned, “International locations throughout Africa are wealthy in key minerals wanted for the semiconductor trade, from cobalt to platinum,” including, “Korea hopes to realize entry by strengthening cooperation with the resource-rich African continent. He mentioned, “In comparison with the significance of Africa, Korea’s commerce with Africa accounts for only one.9% of the overall commerce quantity,” and added, “It should We actively assist exchanges between firms on either side.”

President Yoon additionally mentioned that Korea can contribute to the development of infrastructure in African international locations. President Yoon mentioned, “Korea can move on to Africa the expertise it gained because it grew from a creating nation to a developed nation in simply fifty years, saying, “There’s numerous expertise Korea has to supply, particularly when it comes to infrastructure. growth.” He mentioned, “This consists of constructing infrastructure comparable to roads, railways, airports and ports, sensible metropolis programs comparable to sensible transport, and establishing a grasp plan. “

On this regard, AFP reported that the Saemaul Motion in Korea is acknowledged as an exemplary instance of financial growth in African international locations. We additionally launched a case the place logistics transport time between the 2 international locations was shortened from two weeks to 2 hours after Daewoo Engineering & Building constructed the Kazungula Bridge connecting Zambia and Botswana.

The Workplace of the President additionally reported on President Yoon’s feedback that weren’t mirrored within the AFP article. President Yoon mentioned, “Now that we face a posh transnational disaster that may solely be overcome via cooperation and solidarity between international locations, the which means of cooperation between Korea and Particular Africa,” he mentioned, “Korea’s innovation and “Combining know-how and financial development data can create a robust synergy, making a particular vitality in the direction of the joint growth of Korea and Africa and the frequent prosperity of the generations future,” he mentioned.

President Yoon mentioned, “At this summit, we plan to share Korea’s profitable growth expertise and data and, based mostly on this, deeply talk about methods to offer custom-made cooperation that’s in line with the varied wants of Africa. “We can show as soon as once more that we’re completely different once we work collectively.”

President Yoon held a gathering with the leaders of Tanzania and Ethiopia earlier than the Korea-Africa Summit. President Yoon met Tanzanian President Samia Suluhu Hassan for a lunch assembly and introduced the beginning of Financial Partnership Settlement (EPA) negotiations between the 2 international locations. President Yoon mentioned, “I hope that the settlement might be concluded shortly and can contribute to diversifying commerce gadgets and growing the amount of commerce between the 2 international locations.” President Hassan mentioned, “I like and luxuriate in Okay-pop, Okay-food and Okay-drama, and this time, I’ve additionally grow to be very conscious of ‘Okay Hospitality’.

President Yoon had a dinner assembly with Ethiopian Prime Minister Abiy Ahmed Ali and mentioned methods of cooperation between the 2 international locations. The Korea-Africa Convention might be held in Korea on the 4th and Fifth below the theme ‘Making a future collectively.’ Representatives from 48 African international locations will take part, and President Yoon plans to carry summit conferences with kings and presidents of 25 of them.