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Old May 31st, 2010, 02:55 AM   #1
Antar2
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Korea Selects 5 African Nations for Key Economic Cooperation

It's being hailed as a win-win strategy that will be mutually beneficial to Korea and five African states.
The Republic of South Africa, Ethiopia, Algeria, Tanzania and the Democratic Republic of Congo have been designated by Korea as strategically important nations for economic cooperation on the African continent.
The Strategy and Finance Ministry is at the helm of this initiative and will come up with a detailed plan to discuss in a meeting of economic ministers on the 24th of May.
Meanwhile, the basic blueprint calls for separate approaches for each country while also sharing Korea's know-how in order to boost Africa's local development.
Officials say this mutual collaboration is what sets Korea apart from China which is buying up resources backed by its capital power.
By country, South Africa has ample reserves of minerals like coal and uranium and has better infrastructure compared to other regions.
Congo is also tapped for natural resource development while Ethiopia and Tanzania are expected to collaborate in agricultural development.
In exchange, Korea will transfer key technology to upgrade their farms, forestry and infrastructure.
Sources say that this designation of the five countries is the third such strategic initiative.
Last year, Korea began establishing a strong foothold in Latin America and earlier this year set its sights on the Middle East.
Meanwhile, in line with the African initiative, the Strategy and Finance Ministry is planning to conduct a so-called Knowledge Sharing Program with Congo, Libya and Ghana starting this year.
This is an extensive consulting program that aims to transfer Korea's know-how to developing nations in order to help promote national advancement.

Park Jong-hong Arirang News.

MAY 31, 2010
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Old May 31st, 2010, 10:41 AM   #2
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great to hear that
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Old June 1st, 2010, 04:06 PM   #3
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Koreans are my new favorites.
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Old June 3rd, 2010, 01:05 AM   #4
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Koreans are my new favorites.
All mention nations have ports accept Ethiopia. I wonder why Kenya is not included in the group?
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Old June 3rd, 2010, 01:10 AM   #5
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edit.
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Old June 3rd, 2010, 01:12 AM   #6
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All mention nations have ports accept Ethiopia. I wonder why Kenya is not included in the group?
Why Kenya?
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Old June 3rd, 2010, 01:24 AM   #7
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Why Kenya?
stable, half developed and educated population.
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Old June 3rd, 2010, 01:34 AM   #8
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stable, half developed and educated population.
Uhmmm,maybe because we have no natural resources.Just my guess.
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Old June 3rd, 2010, 03:32 AM   #9
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Uhmmm,maybe because we have no natural resources.Just my guess.
Kenya should go deep in the sea for oil, like the pirates. I think masive oil is traped there, but it needs alot money and some willing investers. Just my guess.
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Old June 3rd, 2010, 05:00 AM   #10
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Uhmmm,maybe because we have no natural resources.Just my guess.
Thats why in fact. Koreans know Ethiopia , TZ, DRC have the land for agriculture and mass proven resources, plus huge labor.
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Old June 3rd, 2010, 06:08 AM   #11
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Thats why in fact. Koreans know Ethiopia , TZ, DRC have the land for agriculture and mass proven resources, plus huge labor.
Thats right.Its okay with me if its benefitting both parties and not the norm when it comes to resources in Africa.
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Old June 3rd, 2010, 06:24 AM   #12
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Thats right.Its okay with me if its benefitting both parties and not the norm when it comes to resources in Africa.
You know that depends on our moron governments.
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Old June 3rd, 2010, 09:17 AM   #13
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I think , Algeria and SA will enjoy a Win-win cooperation! Not the others!
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Old June 3rd, 2010, 09:28 AM   #14
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I think , Algeria and SA will enjoy a Win-win cooperation! Not the others!
Why not the others?
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Old June 3rd, 2010, 09:41 AM   #15
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Ethiopia doesn't have much in terms of resources at all (the type you mine that is). Our best resource is our human capital, and agriculture if it's done right.
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Old June 3rd, 2010, 02:21 PM   #16
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All mention nations have ports accept Ethiopia. I wonder why Kenya is not included in the group?
Main reason is Ethiopia's huge (young) work force and lots of argicultural land.

There are many countries in the world that lacks sea access, this was the biggest mistake of our current government. We can still use Djibouti, Kenya and maybe even Somaliland in the future.
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Old June 4th, 2010, 12:55 PM   #17
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Why not the others?
The question u should ask ur self is..... why is Korea or China doing this!??
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Old June 4th, 2010, 01:25 PM   #18
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Quote:
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The question u should ask ur self is..... why is Korea or China doing this!??
Whats business? I asked the question why Algeria and South africa will have a win-win benefit, but not others?
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Old June 5th, 2010, 11:52 PM   #19
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Quote:
Originally Posted by abesha View Post
Ethiopia doesn't have much in terms of resources at all (the type you mine that is). Our best resource is our human capital, and agriculture if it's done right.
true, but it has huge land for agro, mining and perhaps oil and gas.
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Old June 5th, 2010, 11:58 PM   #20
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Quote:
Originally Posted by Yoniii View Post
Main reason is Ethiopia's huge (young) work force and lots of argicultural land.

There are many countries in the world that lacks sea access, this was the biggest mistake of our current government. We can still use Djibouti, Kenya and maybe even Somaliland in the future.
masive railline linking ethiopia to kenya and djibouti is needed for now. However, the current government in ethiopia is too slow to carry-out such a projects.
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