Korea Strengthening Relations With Nigeria, Africa – Young-Chae

South Korea is focused on strengthening relations with Nigeria and Africa in 2024 with the maiden Korea- Africa Summit in Seoul.

Ambassador Kim Young-Chae made this known at the Korea National Day reception held in Abuja on Thursday.

According to Young-Chae, the world cannot address the varied challenges of climate change, disruption of global supply chain, geo-political conflicts and the herald of the fourth industrial revolution without Africa’s active participation, hence, Korea’s need to support Africa’s economic growth through investments in manufacturing, agriculture, education, health and humanitarian assistance.

“The Korean government is enhancing relations with the continent, and many Korean companies are looking to Africa as the next manufacturing base, as well as single market. With this background, Korea has decided to host the Korea- Africa Summit next year for the first time in history. This will lead to more high level relations, trade and investment opportunities, and engender mutual understanding.

“Korea is also determined to implement its long term vision to unite with Africa for peace and prosperity by hosting the 2030 Busan Expo,” he said.

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Addressing the Nigerian government, outgoing ambassador Young-Chae noted that democracy is built on patience and compromise. He said since the election and political crisis are over, the current government should focus on economic development of the country.

“South Korea was among the first countries that President Tinubu held summit meetings with. Democracy needs patience and compromise. Now, we have a high expectation that Nigeria will concentrate on economic development,” he said.