- Title: South Korea, Africa leaders pledge deeper ties, critical mineral development
- Date: 4th June 2024
- Summary: GOYANG, SOUTH KOREA (JUNE 4, 2023) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** SOUTH KOREAN PRESIDENT, YOON SUK YEOL, AND CHAIRPERSON OF AFRICAN UNION AND MAURITANIA PRESIDENT, MOHAMED OULD GHAZOUANI, WALKING INTO JOINT NEWS CONFERENCE VENUE JOURNALISTS SEATED NEWS CONFERENCE IN PROGRESS (SOUNDBITE) (Korean) SOUTH KOREAN PRESIDENT, YOON SUK YEOL, SAYING: "Korea has
- Embargoed: 18th June 2024 12:08
- Keywords: Africa South Korea Yoon Suk Yeol joint statement summit
- Location: GOYANG, SOUTH KOREA
- City: GOYANG, SOUTH KOREA
- Country: South Korea
- Topics: Asia / Pacific,Diplomacy/Foreign Policy,Government/Politics
- Reuters ID: LVA001787304062024RP1
- Aspect Ratio: 16:9
- Story Text:South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday (June 4) to forge deeper trade and business cooperation and launched a "critical minerals dialogue" aimed at sustainable development of the continent's resources.
Hosting a first-ever summit with the leaders of 48 African nations, Yoon said South Korea would increase development aid for Africa to $10 billion over the next six years as it looks to tap the continent's rich mineral resources and potential as a vast export market. He also pledged to offer $14 billion in export financing to promote trade and investment for South Korean companies in Africa.
African Union (AU) chair and Mauritanian President Mohamed Ould Ghazouani, at a joint news conference with Yoon, said African countries were looking to learn from Korea's experience in developing human resources, industrialisation and digital transformation.
In a joint declaration issued by South Korea, AU and its member nations, the leaders pledged to speed up talks for economic partnership agreements and trade and investment promotion frameworks.
(Production: Dogyun Kim, Sebin Choi, Heejung Jung, Hyunyoung Yi, Jan Vermeylen) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2024. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None