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news from South Korea

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Found 71 articles.

Displaying 15 results from 2011 (out of 71 total).

China and India join aid cooperation

European officials left the Busan Fourth High-Level Forum on Aid Effectiveness on 1 December congratulating themselves on having brought China and India closer into the global aid infrastructure.


Housing scheme crumbles

The multi-billion-dollar housing venture run by South Korea’s STX and a group of Ghanaian investors looks close to collapse, with the partners embroiled in lengthy court actions against...


Diamond dealers

Parliamentary investigations expose a cosy relationship between the South Korean government and the backers of a controversial diamond project

President Lee Myung-bak’s government faces another corruption scandal linked to its African resource diplomacy after a little-known mining company claimed to have made a record-shattering diamond discovery in eastern Cameroon. A parliamentary...


Water and copper under the bridge

South Korean company Samsung C&T has become a collateral victim of the dispute between Belgian company George Forrest International and Congo-Kinshasa’s state mining company, Gécamines. GFI and Gécamines are vying for...


STX's house is falling down

The list of problems for the STX housing deal grows longer as plans to fly in thousands of Asian workers divide the project’s backers. STX Group of Korea...


Fire sale

Ahead of national polls scheduled for 28 November, the Kinshasa government has decided to sell off state assets to a Hong Hong-based company for a fraction of their...


Slow movers

The opposition and ruling parties grow anxious as the STX housing deal shows no progress on its first anniversary

A year after it was first proposed, the US$1.5 billion housing deal between a South Korean company, STX, and the Ghanaian government is no nearer completion. The contract...


The Bulldozer arrives

South Korean President Lee Myung-bak (aka “Bulldozer”) secured Pyeongchang’s 2018 Winter Olympic bid on his trip to Durban, South Africa, that began 6 July. He then signed deals...


Park Kwang-kee

President, Samsung Electronics Africa

The world’s largest electronics company has set its sights on the burgeoning African consumer market. At the Samsung Africa Forum, a flashy five-day conference in Nairobi, Kenya, in...


Building relationships

Energy is at the centre of South Korea’s strategic agenda and the Seoul government wants to improve the country’s position in the African energy market. To that end, Seoul dispatched...


Kim Sung-hwan

Minister of Foreign Affairs and Trade, South Korea

Seoul’s African diplomacy continues its vigorous new pace. Foreign Minister Kim Sung-hwan completed his second trip of the year to the continent, visiting Gabon, Congo-Kinshasa and Ethiopia on 2-9 April. Kim...


Chung Joon-yang

Chairman and Chief Executive Officer, POSCO

POSCO, a former parastatal that was privatised in 2000, is the world’s third-largest steelmaker and a key supplier to South Korea’s lucrative shipbuilding and automotive industries. The...


Building without BRICs

Feeling a little slighted by China’s invitation to South Africa to join the BRIC emerging market group, Seoul wants to trade its way to the top

China’s invitation to South Africa – rather than South Korea – to join the developing-country top table group of Brazil, Russia, India and China in December has irritated...


Park Young-june

Vice-Minister of Knowledge Economy

On 29 December, Park Young-june, an associate of President Lee Myung-bak and a familiar face in South Korea-Africa relations, hosted 13 African ambassadors at the Korea-Africa Round Table...


Displaying 15 results from 2011 (out of 71 total).