Martial Arts, Korea-Africa Economic Cooperation Committee Launched... Establishing 'Strategic Cooperation'

KITA to Establish and Operate New Office in South Africa Within This Year

The Korea International Trade Association (KITA) has decided to launch full-scale support activities, including establishing a new office in the Republic of South Africa, to strengthen trade and economic relations between Korea and Africa.

On the 22nd, KITA announced that it held the Korean Committee General Assembly of the "Korea-Africa Economic Cooperation Committee" at the Grand Intercontinental Hotel in Gangnam-gu, Seoul. Previously, the Economic Cooperation Committee was established to strengthen economic relations between Korea and Africa, following the "Korea-Africa Business Summit" held in June last year.

On the 22nd, attendees are taking a commemorative photo at the 'Korea-Africa Economic Cooperation Committee Korean Members General Assembly' held at the Grand InterContinental Parnas Hotel in Samseong-dong, Gangnam-gu, Seoul. Photo by Korea International Trade Association

KITA plans to act as the Korean Secretariat of the Economic Cooperation Committee, build networks with major African economic organizations, and support Korean companies to effectively enter the African market.

Additionally, KITA will start discussions with African economic organizations on various industries such as agriculture, energy, and infrastructure in the form of business roundtables. Furthermore, it plans to establish and fully operate a new office in Johannesburg, Republic of South Africa, within this year.

Chairman Yoon Jin-sik stated, "It is important to establish a strategic cooperation model that enables sustainable growth for both Korea and Africa," adding, "The Korea-Africa Economic Cooperation Committee, composed of experts from various fields and companies representing promising industries, will play a key role in this process."

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