- Individuals focus on Korea-Africa non-public sector cooperation and motion plans for vitality transition, essential minerals and infrastructure
- Funding and cooperation alternatives are anticipated because of the sturdy curiosity of African nations within the industrialization of inexperienced hydrogen, EVs and batteries
- The collaboration between Hyundai Motor Group and SOAS CSST goals to facilitate dialogue and analysis about Africa
Hyundai Motor Group (the Group) co-hosted a 2024 Korea-Africa Enterprise Discussion board immediately in Seoul in partnership with the Centre for Sustainable Structural Transformation (CSST) at SOAS College of London and the Korea-Africa Basis.
The discussion board mentioned how Korean and African stakeholders can work collectively as strategic companions for sustainable improvement amidst ongoing geopolitical uncertainty.
“Africa holds immense potential for sturdy partnerships and sustainable improvement,” mentioned Ken Kim, Govt Vice President of HMG Enterprise Intelligence Institute. “Via this discussion board, we have now set the stage for cooperation between South Korea and African nations, and facilitated a fruitful dialogue on the right way to make Korea a very forward-looking associate for Africa.”
Distinguished individuals from Africa included Rob Davies, the Former South African Minister of Commerce and Trade and high-level members from Morocco’s Company for Nuclear and Radiological Security and Safety (AMSSNuR); Industrial Growth Company (IDC) of South Africa; African Minerals Growth Centre (AMDC); South African Chamber of Commerce in South Korea; and United Nations College. Additionally in attendance had been key African dignitaries, together with ambassadors and embassy officers from 9 African nations.
Representatives from Korea and SOAS CSST included Ken Kim, Govt Vice President of HMG Enterprise Intelligence Institute; Ha-Joon Jang, Analysis Professor of Economics and co-director of CSST, SOAS College of London; Woon-Ki Lyeo, President of the Korea-Africa Basis; and Quickly-Younger Hong, Govt Director of the Export-Import Financial institution of Korea.
The discussion board consisted of a closed session within the morning, the place key individuals got here collectively to debate the imaginative and prescient and multi-pronged motion plan for Korea-Africa financial cooperation. Within the afternoon, an open session was held to discover private-sector cooperation in areas comparable to vitality transition leveraging inexperienced hydrogen and significant minerals, and digitalization and provide cooperation technique. The individuals mentioned Africa’s vitality transition, South African inexperienced hydrogen commercialization technique, investments in various energies, Africa’s digitalization progress and its significance for sustainable industrialization, and the challenges and alternatives of a inexperienced transition in Africa.
The Group’s participation within the discussion board is a continuation of the collaboration with SOAS to facilitate dialogue and analysis about Africa, following an preliminary announcement made in February this yr.
