South Korea’s recent announcement of the opening of new diplomatic missions in several African nations signals that Seoul aims to commit more resources to a continent that is widely seen as home to some of the world’s fastest-growing markets, according to experts. “More politically conservative Korean presidential administrations have focused on building ties to Africa with an eye towards countering or isolating North Korea, both in international fora and on the African continent,” she added. But, according to Matthew Minsoo Kim, a researcher into Korean-African relations based in Seoul, there are clearly numerous challenges for both South Korea and Africa to consider if they are serious about strengthening this new, developing relationship. As for Seoul, it will need to find ways to encourage its businesses to take advantage of the opportunities available in African markets. African nations, on their part, that are eager to establish economic ties with South Korea would do well to reassure potential investors that their capital and assets will be safe.

Source: The North Africa Journal November 26, 2023 09:19 UTC