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South Korea’s engagement in Sub-Saharan Africa : Fortune, fuel and frontier markets

Related Document
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  • South Korea’s engagement in Sub-Saharan Africa
  • Darracq, Vincent; Neville, Daragh
  • Chatham House(The Royal Institute of International Affairs)


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Title South Korea’s engagement in Sub-Saharan Africa
Similar Titles
Sub Title

Fortune, fuel and frontier markets

Material Type Reports
Author(English)

Darracq, Vincent; Neville, Daragh

Publisher

[London]:Chatham House(The Royal Institute of International Affairs)

Date 2014-10
Series Title; No Research Paper
Pages 26
Subject Country Africa(Africa)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Government and Law < International Politics
Holding Chatham House

Abstract

- South Korea’s renewed engagement in sub-Saharan Africa is driven primarily by three factors: the pursuit of food and energy security; the establishment of new markets for its manufactured goods; and the enhancement of its credentials as a prominent global power, particularly in order to counter the diplomacy of North Korea.
- The South Korean government plays a pivotal role in the country’s economic expansion in sub-Saharan Africa, in close collaboration with the private sector. The Korea-Africa Forum, the Korea-Africa Economic Cooperation and the Korea-Africa Industry Cooperation Forum underpin this strategy.
- South Korean exports to Africa rose fivefold between 2000 and 2011, although bilateral trade remains low, representing only two per cent of South Korea’s global trade. The majority of South Korean exports are to only a handful of countries – such as Liberia, Nigeria and South Africa. (The rest omitted)