The Africa-Korea Business Summit took place at the Peninsula Hotel in Paris, organized by the Korea-Africa Foundation and the Korea Chamber of Commerce and Industry (KCCI), with support from the Ministry of Foreign Affairs of the Republic of Korea. The summit's theme was 'Africa-Korean Partnership in an Era of Great Transformation.'

The President of the Korea-Africa Foundation, Lyeo Woon-ki stated ‘This summit was organized to lay the foundation for '2024 Korea-Africa Summit' scheduled for next year and to provide an opportunity for Korean companies to explore market entry strategies into Africa and enhance their understanding of cooperation measures, especially given the full implementation phase of the AfCFTA that commenced in 2021." The Korean government plans to host the Korea-Africa Summit in 2024 in Korea.