President Yoon hosts Korea-Africa Summit

South Korean President Yoon Suk Yeol on Tuesday said that South Korea seeks to overcome current crises and attain future prosperity through a win-win partnership with Africa at the opening ceremony of the Korea-Africa Summit.

In a bid to boost bilateral trade, he vowed to sign Economic Partnership Agreements and Trade and Investment Promotion Frameworks while expanding investment protection arrangements to facilitate corporate exchanges between the two sides. Yoon also pledged to expand official development assistance to Africa to around 10 billion dollars by 2030 and provide export financing of some 14 billion dollars to help Korean companies advance trade and investment on the continent.