SEOUL - In anticipation of the South Korea-Africa summit scheduled for June, the Ministry of Trade, Industry, and Energy announced the establishment of the Korea-Africa Economic Cooperation Public-Private Support Group on Friday. Officials stated that the group aims to foster preparations for the summit, which is seen as a cornerstone for expanding South Korea's economic ties with Africa, home to 1.4 billion people.
According to Yonhap News Agency, The ministry highlighted, "The support group will serve as a joint public-private platform for gaining outcomes between Korean and African firms and reviewing the major cooperation agenda with the 54 African nations over the four months remaining until the June summit." This initiative is part of South Korea's broader efforts to deepen economic relations with Africa, including through the Trade and Investment Promotion Framework and an economic partnership agreement. The support group comprises around 30 representatives from various sectors, including trade-related state-run firms and business organizations.