2024 South Korea–Africa Summit

2024 South Korea–Africa Summit
Host country	South Korea
Date	4–5 June 2024
Motto	The Future We Make Together
Cities	Ilsan and Seoul
Participants	South Korea and 48 African Union member states
Website	2024rokasummit.kr

The 2024 South Korea–Africa Summit is the inaugural summit hosted by the government of South Korea with 48 African countries.

Participating countries

Country	Title	Dignitary
Tanzania	President	Samia Suluhu Hassan

Background

Africa is a huge consumer market with a population of 1.4 billion and a GDP of $3.4 trillion, but South Korea's trade with Africa accounts for only 1.9% of total trade. South Korea has plans to further strengthen economic cooperation with Africa.

Agreement

South Korea and Tanzania announced the start of Economic Partnership Agreement (EPA) negotiations to deepen trade relations. In addition, to promote trade and investment, the Trade and Investment Promotion Framework was signed with eight African countries, including Ghana, Malawi, and Zimbabwe. Additionally, South Korea signed separate agreements on key minerals with Tanzania and Madagascar.

"The partnership between South Korea and Africa is a tell-tale example of how global citizens, despite different backgrounds, can get together to achieve the goal of joint prosperity."

— Ahn Duk-geun, Minister of Trade, Industry and Energy