South Korea Boosts Economic Ties with Africa

South Korean President Yoon Suk Yeol announced an accelerated effort to enhance economic ties with Africa. During a summit with leaders from 48 African nations, Yoon pledged $10 billion in development aid and emphasized cooperation on core mineral supplies.

South Korean President Yoon Suk Yeol said on Tuesday that the country will speed up negotiations to promote economic partnership and trade and investment with African countries.

Hosting a summit with the leaders of 48 African countries, Yoon said South Korea will increase development aid for Africa to $10 billion over the next six years, while stepping up cooperation for a stable supply of core minerals.