South Korea to Host First Summit with Africa on ‘Shared Growth’

Seoul, South Korea – South Korea is set to host its inaugural summit with Africa on June 4 and 5, co-hosted by South Korea and Mauritius. The event aims to foster “shared growth, sustainability and solidarity” between the two regions.

Dozens of African heads of state and government, including presidents, prime ministers, and senior representatives from 48 African countries, are expected to attend. Delegates from international organisations, the business community, academia, and civil society groups will also be present.

The summit comes as South Korean President Yoon Suk Yeol seeks to position his country as a “global pivotal state.” According to President Yoon, the summit will help South Korea “step up” on the global stage.

Analysts believe South Korea is looking to tap into Africa’s vast natural resources and compete with China for influence on the continent. Currently, only 3% of South Korean exports go to Africa, while a mere 1% of African exports are destined for Seoul.

South Korean exports to Africa have been relatively limited, but the summit is seen as an opportunity to expand these economic ties. African leaders have been urged to present a united agenda rather than compete for South Korean investment. Already, Tanzania has signed a £2.5 billion deal with South Korea, highlighting the potential for significant economic partnerships.

The summit will provide a platform for discussions on various topics, including economic cooperation, sustainable development, and mutual growth. It is anticipated that the event will pave the way for stronger ties between South Korea and African nations, promoting mutual benefits and long-term partnerships.

As South Korea seeks to increase its presence and influence in Africa, the summit represents a significant step towards closer cooperation and collaboration between the two regions. But critics are questioning what this will bring to the continent of Africa as a whole.

Mimi Mefo Info