South Korean Government Gives Export Boost to Companies Trading in Africa
Published on July 2, 2024
The Republic of Korea has committed $14 billion in export financing to support South Korean companies investing in Africa while increasing its official development assistance (ODA) to $10 billion by 2030. The President of Korea, Yoon Suk Yeol, announced this on July 2 in Seoul at the opening of the first Korea–Africa Summit, attended by 25 African heads of state and government, as well as Akinwumi Adesina, the president of the African Development Bank Group. Up to 48 African countries were represented at the summit by either a president, king, prime minister, vice president or minister to discuss, “The Future We Make Together: Shared Growth, Sustainability, and Solidarity.”...