The governments of Angola and South Korea have recently announced their plans to strengthen collaboration in the areas of renewable energy, education, and agriculture.
The agreement was reached during a meeting between Kwangjin Choi, the South Korean ambassador to Angola, and Alcides Sakala Simões, the Head of the Committee for Foreign Relations, International Cooperation, and Angolan Communities Abroad of the National Assembly.
In late April 2023, South Korea expressed its interest in enhancing partnership with Angola in the fields of telecommunications, information, energy, ports, and the maritime industry. A special envoy, led by Park Heong-Joon, the mayor of the metropolitan city of Busan, was sent to meet and discuss diplomatic relations with H.E João Lourenço, Angola’s President.
This development takes place against the backdrop of Angola’s ambitious goal to achieve a 3.6% gross domestic product (GDP) growth in the next five years. The country aims to achieve this growth by expanding the oil and gas industry and diversifying its economy.
On the other hand, South Korea is keen on establishing a presence in Angola’s economy, particularly in sectors such as textiles, steel, car manufacturing, shipbuilding, and electronics. This strategic move by South Korean industry players highlights their desire to tap into Angola’s economic potential and contribute to its growing sectors.
