THE Africa-Korea Business Summit recently convened at the Peninsula Hotel in Paris, bringing together key stakeholders from Africa and South Korea to explore collaborative opportunities and discuss strategies for market entry into Africa. Organised 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 was held under the theme of Africa-Korean partnership in an era of great transformation.

Lyeo Woon-ki, President of the Korea-Africa Foundation, emphasised the summit’s role in laying the groundwork for the ‘2024 Korea-Africa Summit’ scheduled for the following year. The summit provided a vital platform for Korean companies to delve into market entry strategies in Africa, particularly in light of the AfCFTA’s full implementation since 2021. The Korean government plans to host the Korea-Africa Summit in 2024 within Korea itself.