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Korea Herald
22-05-2025
- Business
- Korea Herald
[Africa Forum] AGA dean highlights the significance of Korea-Africa relations in era of disruption
Dean of African Group of Ambassadors says time has come to unlock the full potential of Africa-Korea partnership The Korea-Africa partnership is about more than an opportunity to explore shared dreams in a changing global environment, according to Moroccan Ambassador Chafik Rachadi, who serves as the dean of the African Group of Ambassadors. 'The Africa and Korea partnership of the 21st century speaks the language of collaboration, equity and long-term resilience. In this era of global disruption, fostering these robust and inclusive partnerships goes beyond economic and political cooperation,' said Rachadi in his opening remarks at the Africa Day 2025 Korea-Africa Business Forum on Wednesday. The forum at Grand Hyatt Seoul was co-hosted by Herald Media Group, the African Group of Ambassadors and the Korea-Africa Foundation. Though the cooperation between the two has yet to reach its full potential, the Moroccan ambassador believes that the next decade presents a chance to accomplish a dynamic framework grounded in mutual interest and strategic collaboration. 'Korea's leadership in innovation, digital technology, clean energy and smart infrastructure can meet Africa's growing demand for transformation and inclusive growth. At the same time, Africa's youthful demographics, natural resources and expanding markets represent unparalleled opportunities,' Rachadi said. 'The time has come to unlock the full potential of the Africa-Korea partnership,' he added. While explaining how the African continent has immeasurable potential, as well as geopolitical and economic significance across the globe, the AGA dean underlined the partnership with Korea as a sign of trust, mutual respect and a shared vision for an inclusive future. 'Let us seize this moment to chart a more ambitious course, grounded in mutual benefit, shared prosperity and a deep commitment to Africa's transformative potential,' he said.
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Korea Herald
22-05-2025
- Business
- Korea Herald
[Africa Forum] Bridging Africa, Korea; building shared future
Seoul forum highlights growing Korea-Africa ties across trade, innovation, cultural exchange Seizing opportunities through innovative collaboration and targeted initiatives is critical to unlocking Africa's vast potential as a key engine of global growth and reinforcing Korea's strategic role in the continent's transformation. The Africa Day 2025 Korea-Africa Business Forum, held in Seoul under the theme 'Building Bridges, Creating Opportunities,' brought together over 800 distinguished guests from government, business and civil society. The forum served as a high-level platform to deepen strategic dialogue, reaffirming a shared commitment to elevate Korea-Africa cooperation amid a rapidly evolving trade and investment landscape. Jointly organized by the African Group of Ambassadors in Korea, Herald Media Group and The Korea-Africa Foundation, the event featured policy discussions, business talks and cultural celebrations, providing a dynamic venue to explore economic and diplomatic engagement across Africa — a continent of 1.4 billion people and immense opportunity. Moroccan Ambassador Chafik Rachadi, who also serves as dean of the African Group of Ambassadors in Korea, emphasized Africa's evolution from a continent of untapped promise to one of decisive action and opportunity while welcoming Korea's growing engagement. 'The Republic of Korea's decision to place Africa more prominently within its Indo-Pacific Strategy and broader foreign policy priorities stands as a signal of trust, mutual respect, and a shared vision for a more interconnected and inclusive future,' he said while delivering his opening remarks. Choi Jin-young, CEO and president of Herald Media Group, reflected on the progress made since the forum's first edition last year, which coincided with Korea's inaugural summit with African nations and marked Africa Day, commemorating the founding of the Organization of African Unity on May 25, 1963. 'Last year, under the theme 'When African Possibilities Meet Korean Capabilities,' we explored the potential for cooperation and a shared vision for the future. Now, just one year later, we have gathered here again to realize the spirit and values of Ubuntu — I am what I am because of who we all are.' Choi emphasized the growing relevance of Africa in areas such as information and communication technology; artificial intelligence; environmental, social and governance; and digital transformation, underscoring the importance of deepening partnerships to leverage these trends Park Jong-won, deputy minister of the Ministry of Trade, Industry and Energy, emphasized Korea's expanding economic footprint in Africa, citing projects in Morocco, Nigeria, Tanzania and South Africa. 'If Korea's advanced technological capabilities are combined with Africa's potential as a promising future market, significant synergies will be created in overcoming global trade risks and achieving mutual growth.' Park reaffirmed Korea's commitment to follow-up efforts on 12 government-to-government memorandums of understanding signed between Korea and 11 African countries, alongside ongoing negotiations for Economic Partnership Agreements. A panel discussion, moderated by Tunisian Ambassador Kais Darragi, explored future cooperation through skills development and innovation. Kenya Ambassador Emmy Kipsoi noted the importance of tailored capacity-building efforts and mutual respect in green industrialization and economic partnerships: 'Africa offers many complementary advantages for Korea ... it's essential that we explore collaboration in areas like green industrialization.' Um Sung-yong, executive director of the Export-Import Bank of Korea's EDCF Operation Group, called for enhanced support for infrastructure, healthcare and education projects via the Economic Development Cooperation Fund. 'If there are Korean investors in Africa, our governments should discuss how EDCF can support these initiatives,' one delegate said. Panelists included Timothy Dickens, chairman of the South African Chamber of Commerce; C&G Limited CEO Gloria Ineza; and Yook Euna, executive president of Middle East and Africa Business at Heerim Architects and Planners. The second half of the forum celebrated Africa Day with a performance by the Africa Insight Champion Choir, a group of African and Korean musicians performing 'Champions,' symbolizing unity and celebration. Welcome remarks were delivered by Ambassador Kim Young-chae, president of The Korea-Africa Foundation, and AGA Dean Rachadi. Kim noted that Korea-Africa ties are being strengthened through increased diplomatic presence, growing trade and investment and vibrant people-to-people and cultural exchanges. Ambassador Kung Ki-hong, special envoy for public diplomacy at the Ministry of Foreign Affairs, gave a congratulatory address. In his special remarks, Jeonbuk State Governor Kim Kwan-young emphasized the importance of subnational cooperation. 'The province regards Africa as a future partner for growth, and I believe that exchanges between local governments should be as active and prioritized as those between nations.' A standout highlight of the event was the vibrant fashion show, where diplomats and representatives from 13 African nations and Korea walked the runway, embodying cultural pride, unity and mutual respect. The showcase celebrated the rich textile heritage and diverse cultural identity of the African continent. Following the show, guests were treated to a festive banquet featuring hotel-prepared dishes and authentic African delicacies crafted by the spouses of ambassadors, a gesture of hospitality that underscored the spirit of community and cross-cultural exchange. The list of ambassadors from African countries who attended the Africa Day 2025 Korea-Africa Business Forum includes Amb. of Morocco Chafik Rachadi, Amb. of Kenya Emmy Jerono Kipsoi, Amb. of Angola Edgar Gaspar Martins, Amb. of Tanzania Togolani Edriss Mavura, Amb. of Egypt Khaled Abdel Rahman, Amb. of Senegal Abdou Salam Diallo, Amb. of Ethiopia Dessie Dalkie Dukamo, Amb. of Sudan Amira Agarib, Amb. of Zambia Andrew Banda, Amb. of Rwanda Bakuramutsa Nkubito Manzi, Amb. of Tunisia Kais Darragi, Amb. of South Africa Sindiswa Mququ, Amb. of Gabon Landry Mboumba, Amb. of Sierra Leone Paul Sobba Massaquoi, Amb. of Cote d'Ivoire Allou Wanyou Eugene Biti. Ghana Embassy charge d'affaires Akwasi A. Adomako, Nigerian Embassy charge d'affaires Jaho-Herbert Inex Omamoke, D.R. Congo Embassy Minister Counsellor Jean-Remy Likpala Kalonda and Algerian Embassy attache Rabah Khelladi also attended.
Korea Herald
22-05-2025
- Business
- Korea Herald
[Africa Forum] AGA dean highlights significance of Korea-Africa relations in era of disruption
Dean of African Group of Ambassadors says time has come to unlock the full potential of Africa-Korea partnership The Korea-Africa partnership is about more than an opportunity to explore shared dreams in a changing global environment, according to Moroccan Ambassador Chafik Rachadi, who serves as the dean of the African Group of Ambassadors. 'The Africa and Korea partnership of the 21st century speaks the language of collaboration, equity and long-term resilience. In this era of global disruption, fostering these robust and inclusive partnerships goes beyond economic and political cooperation,' said Rachadi in his opening remarks at the Africa Day 2025 Korea-Africa Business Forum on Wednesday. The forum at Grand Hyatt Seoul was co-hosted by Herald Media Group, the African Group of Ambassadors and the Korea-Africa Foundation. Though the cooperation between the two has yet to reach its full potential, the Moroccan ambassador believes that the next decade presents a chance to accomplish a dynamic framework grounded in mutual interest and strategic collaboration. 'Korea's leadership in innovation, digital technology, clean energy and smart infrastructure can meet Africa's growing demand for transformation and inclusive growth. At the same time, Africa's youthful demographics, natural resources and expanding markets represent unparalleled opportunities,' Rachadi said. 'The time has come to unlock the full potential of the Africa-Korea partnership,' he added. While explaining how the African continent has immeasurable potential, as well as geopolitical and economic significance across the globe, the AGA dean underlined the partnership with Korea as a sign of trust, mutual respect and a shared vision for an inclusive future. 'Let us seize this moment to chart a more ambitious course, grounded in mutual benefit, shared prosperity and a deep commitment to Africa's transformative potential,' he said.
Korea Herald
15-05-2025
- Business
- Korea Herald
Herald, AGA, KAF to co-host Africa Day 2025
Herald Media Group will co-host Africa Day 2025 Korea in collaboration with the African Group of Ambassadors representing 19 countries and the Korea-Africa Foundation, under the theme "Building Bridges, Creating Opportunities." The event will highlight progress in economic diplomacy with a business forum and a cultural gala in the evening. The first session, titled "Korea-Africa Business Forum," will explore pathways and strategies for mutual growth amid global uncertainties and supply chain disruptions. After opening remarks by co-hosts, Choi Jin-young, CEO of Herald Media Group, and Ambassador Chafik Rachadi of Morocco, who is also dean of the AGA, Deputy Minister of Trade Park Jongwon will deliver a congratulatory address. Ambassador Kais Darragi of Tunisia will moderate the panel discussion, "Korea-Africa Synergy in an Era of Disruption," featuring experts from Africa and South Korea — notably including Ambassador and professor Emmy Jerono Kipsoi of Kenya. The second session, titled "Africa Day Celebration," will commemorate African unity and friendship with Korea, beginning with a performance by the Africa Insight Champion Choir to showcase Korea–Africa musical harmony. Kim Young-chae, president of the Korea-Africa Foundation, and Rachadi will deliver welcoming remarks, followed by celebratory speeches from South Korea's Ambassador for Public Diplomacy Jung Kihong. A traditional costume fashion show will feature African and Korean creations by members of the diplomatic corps and co-hosts. Title: Africa Day 2025 Korea-Africa Business Forum Date: May 21, 2025 (4:30-8 p.m.) Venue: Grand Ballroom, Grand Hyatt Seoul sanjaykumar@
Korea Herald
15-05-2025
- Business
- Korea Herald
Herald Media Group to co-host Africa Day 2025
Herald Media Group will co-host Africa Day 2025 Korea in collaboration with the African Group of Ambassadors representing 19 countries and the Korea-Africa Foundation, under the theme "Building Bridges, Creating Opportunities." The event will highlight progress in economic diplomacy with a business forum and a cultural gala in the evening. The first session, titled "Korea-Africa Business Forum," will explore pathways and strategies for mutual growth amid global uncertainties and supply chain disruptions. After opening remarks by co-hosts, Choi Jin-young, CEO of Herald Media Group, and Ambassador Chafik Rachadi of Morocco, who is also dean of the AGA, Deputy Minister of Trade Park Jongwon will deliver a congratulatory address. Ambassador Kais Darragi of Tunisia will moderate the panel discussion, "Korea-Africa Synergy in an Era of Disruption," featuring experts from Africa and South Korea — notably including Ambassador and professor Emmy Jerono Kipsoi of Kenya. The second session, titled "Africa Day Celebration," will commemorate African unity and friendship with Korea, beginning with a performance by the Africa Insight Champion Choir to showcase Korea–Africa musical harmony. Kim Young-chae, president of the Korea-Africa Foundation, and Rachadi will deliver welcoming remarks, followed by celebratory speeches from South Korea's Ambassador for Public Diplomacy Jung Kihong. A traditional costume fashion show will feature African and Korean creations by members of the diplomatic corps and co-hosts. Title: Africa Day 2025 Korea-Africa Business Forum Date: May 21, 2025 (4:30-8 p.m.) Venue: Grand Ballroom, Grand Hyatt Seoul sanjaykumar@
