Latest news with #ChafikRachadi
Morocco World
04-08-2025
- Business
- Morocco World
Morocco, Korea Celebrate Strong Bilateral Relations on Throne Day Celebration
Rabat — Moroccan and Korean delegations have emphasized the importance of Morocco-Korea bilateral ties during the celebration of the Throne Day. During the ceremony, the two countries reflected on decades of partnership rooted in shared sacrifice and mutual support. Speaking at a commemorative event marking the 26th anniversary of King Mohammed VI's ascension to the throne, Moroccan Ambassador to Korea Chafik Rachadi pointed out the strategic momentum building between the two countries. The celebration served as a platform to display not only Morocco's economic achievements but also the deepening ties with Korea. The relationship between Morocco and Korea traces back to the Korean War, when Moroccan soldiers fought alongside UN forces to defend Korea. Two of those soldiers — Mohamed El Asry and Julien Djian — made the ultimate sacrifice, dying in 1951 and 1953, respectively. 'Two of those heroes are now peacefully resting in the UN Memorial Cemetery in Busan, a dignified reminder of the human connections,' Rachadi said during the ceremony. Korea's Ambassador Chung Keeyong, who was recently honored by the King of Morocco with the Order of Wissam Alaouite, has been instrumental in preserving this historical bond. Keeyong's efforts led to the identification of 16 additional Moroccan veterans, bringing the total known participants to 24, and resulted in the publication of 'Morocco-Korea: Blood Brothers.' The wartime connection established a foundation that formal diplomatic relations, established in July 1962, would build upon. Significantly, Korea established its first African embassy in Morocco, reflecting the early importance both nations placed on their relationship. Recent developments demonstrate how this historical partnership has evolved into contemporary strategic cooperation. In April 2025, the two countries launched negotiations for the Morocco-Korea Economic Partnership Agreement and are also collaborating on preparations for the 2030 FIFA World Cup. Economic partnerships have flourished, with Korea providing $100 million in development aid and securing a substantial $1.5 billion electric train deal with Morocco. Environmental cooperation has also emerged as a key area, with joint initiatives including a reforestation project in Ouarzazate and green hydrogen programs aligning with Morocco's ambitious renewable energy goals. Speaking during the celebration, the Moroccan ambassador pointed to Morocco's economic transformation, noting that over 40 percent of the country's electricity now comes from renewables, with plans to reach 52 percent renewable capacity by 2030. Morocco has also emerged as Africa's largest car producer and has seen a 55 percent rise in foreign direct investment in 2024. The relationship has been characterized by mutual support during pivotal moments. Korea showed solidarity during Morocco's 1975 Green March, a demonstration that helped secure the country's territorial integrity and led to the Madrid Accords ending Spanish control over the region. Keeyong reflected on this reciprocal support, describing how archival research uncovered Korea's backing during the Green March. 'From the trenches of the Korean War to the sands of the Green March… Morocco and Korea have always shown up for each other,' he concluded. As Morocco has strengthened its position as a bridge between Africa, Europe, and the Arab world — cemented by its 2017 return to the African Union and 2022 ratification of the African Continental Free Trade Area — its partnership with Korea continues to evolve, built on a foundation of shared sacrifice and sustained by mutual commitment to growth and cooperation. Tags: KoreaKorea and MoroccoMoroccoMorocco-Korea relations
Morocco World
10-06-2025
- Business
- Morocco World
CGEM Delegation Begins Mission in Korea to Boost Economic Cooperation
Rabat – A delegation from the General Confederation of Moroccan Enterprises (CGEM) started a mission in Seoul, Korea, on Monday. The goal is to strengthen economic ties and explore new opportunities for cooperation and investment between Moroccan and Korean companies. Led by CGEM President Chakib Alj, the group includes businesses from various sectors such as automotive, plastics, chemical and para-chemical industries, food processing, heavy industry, pharmaceuticals, mining, renewable energy, and new technologies. The first stop for the delegation was the Incheon Free Economic Zone (IFEZ). Chafik Rachadi, Morocco's ambassador to Korea, joined the visit. Wonsok Yun, commissioner of IFEZ, introduced the delegation to the dynamic business environment of the zone, which hosts over 300 foreign companies involved in manufacturing and research and development. A highlight of the visit was the Smart City Integrated Operation Center (SCIOC). Operating since 2012, this center manages important city services in real time, such as traffic control, emergency response, environmental monitoring, and infrastructure maintenance. The delegation also visited the Samsung Innovation Museum (SIM) in Suwon, near Seoul. This museum showcases the history of Samsung's key innovations, from early electrical devices to the latest technological solutions. The mission will continue until June 13. It includes meetings with leading Korean companies, professional organizations like the Korea International Trade Association (KITA) and the Korea Chamber of Commerce and Industry (KCCI), as well as business-to-business meetings and sector-specific sessions. The trip is expected to pave the way for stronger economic partnerships between Morocco and Korea. By engaging directly with key Korean companies and institutions, the delegation aims to attract investment, foster joint ventures, and open new export markets for Moroccan products. The meetings and sector-specific sessions also aim to lead to technology transfers, enhanced industrial cooperation, and the development of strategic sectors in line with Morocco's national priorities. Tags: CGEMeconomyMorocco and Korea
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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.
