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news from South Korea

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Found 71 articles.

Displaying 17 results from 2010 (out of 71 total).

Seoul’s new strategy

A new five-year aid plan sets out Seoul’s goal of matching its economic strength in the diplomatic arena

South Korea is beginning to take its trade and aid more seriously, and Africa stands to benefit. The Seoul government’s hosting of the G-20 Summit in November again...


The Asian aid summit

Seoul intends to keep the promises made at November’s G-20 summit and began by hosting a gathering of Asian development agencies on 19 November.


Kim Jae-shin

Deputy Minister of Foreign Affairs and Trade, South Korea

South Korea’s new Foreign Affairs and Trade Minister Kim Sung-hwan took office in October, pledging closer engagement with Africa. His first emissary is Deputy Minister Kim Jae-shin, whose...


Stalemate in Seoul

The economic and currency quarrels of the big powers overshadowed President Lee’s efforts to commit the G-20 to stronger development policies

African countries, like most states at the Group of 20 summit in Seoul on 12-13 November, saw their core concerns about growing protectionism and investment flows overshadowed by...


Diplomatic wins and aid wobbles

The 12-13 November Group of 20 Summit in Seoul afforded a great opportunity for South Korea to boost its Africa diplomacy. This is based on a modest aid budget, multibillion...


Cooperating with Cohydro

Korea National Oil Corporation is discussing a potential strategic partnership with the parastatal Congolaise des Hydrocarbures. KNOC President Kang Young-won and Cohydro Chairman Séraphin Tshibambe Ndjibu were in...


Seoul's modest but steady progress

South Korea cannot match the deals made by China nor can it provide the same levels of aid as countries in North America and Europe. Still, that does not stop...


Chun Seung-hun

President, Korea Institute for Development Strategy

South Korea has come late to the African party. Seoul's anxiety to match Japan, China and India's engagement with the continent has seen it emulate many of their multilateral development forums...


Gadaffi guns for Seoul's spy

An espionage row is holding up progress on a US$438 million project.

An espionage row in which Libya expelled one of Seoul’s secret agents is holding up progress on a US$438 million project signed on 6 August between South Korea’s...


Scepticism grows over STX houses

A feistier opposition in Parliament demands more scrutiny on Seoul's multibillion-dollar housing deal

Members of Ghana's opposition are demanding more due diligence on the government's US$1.5 billion housing deal.


Out of the starting blocks

On 24 May, Seoul’s Strategy and Finance Ministry identified Algeria, Ethiopia, Congo-Kinshasa, South Africa and Tanzania as ‘strategically important’ countries in its economic cooperation with Africa. South Korea...


Building on oil money

The US$10 billion STX housing deal gets its first hearing in Parliament just as the government prepares to borrow $1.5 bn. in future oil revenues

The Ghanaian government is proposing to put up US$1.5 billion of its future oil revenues to finance the first phase of a controversial housing project with the South Korean construction...


More multibillion mining contracts for Kinshasa

President Kabila’s trip to Seoul yields another multibillion-dollar mining deal just as a midway review of China’s US$6 bn. contract is completed

Five years after his first official visit, President Joseph Kabila returned to South Korea on 29-30 March. Two protocols were agreed. The first accord seeks to replicate China’s US$6...


Lee Myung-bak

President, South Korea

Lee Myung-bak has kept Africa high on his agenda and has continued his predecessor’s Africa-friendly policies. A second Korea-Africa Economic Cooperation Conference was held in 2008, emulating the...


Kim Hyong-o

National Assembly Speaker, South Korea

The January trip to North Africa of South Korea’s Kim Hyong-o served two main objectives – to promote trade and to lay the groundwork for a non-permanent seat...


Shin Kak-soo

Deputy Minister for Foreign Affairs, South Korea

Under President Lee Myung-bak, South Korea is devoting more attention to Africa. In 2009, Lee pledged to double aid to Africa to US$200 million. Shortly after, Seoul hosted...


Displaying 17 results from 2010 (out of 71 total).