South Korea Seeks Libya's Support for Business Expansion
En resumen
- South Korea has requested Libya's support for expanding the presence of its companies, particularly in the oil and refining sectors.
- Libya expressed hope for increased South Korean investment in construction and infrastructure.
Resumen generado por IA
Por qué importa
South Korea is seeking to expand its economic and diplomatic presence in Africa. Libya's security situation has been stabilizing, and Zimbabwe is a significant producer of critical minerals like lithium.
SEOUL, June 2 (Yonhap) -- South Korea has asked Libya to support the expansion of South Korean companies' presence in the North African country, particularly in the oil and refining sectors, Seoul's foreign ministry said Tuesday.
First Vice Foreign Minister Park Yoon-joo made the request during a Monday meeting with Fatalla Elzuni, Libya's minister of state for African affairs, who was in Seoul to attend the Korea-Africa Foreign Ministers' Meeting, according to the ministry.
Noting that Libya's security, economic and political situation has been stabilizing in recent years, Elzuni expressed hope that more South Korean companies would expand into Libya's construction and infrastructure sectors.
Park told Elzuni that the South Korean Embassy in Libya will soon fully reopen, noting the move would help lay the groundwork for mutually beneficial cooperation, according to the ministry. The embassy has operated on a rotational basis between Libya and Tunisia since March 2022.
Separately, Second Vice Foreign Minister Kim Jina met with Chad's Deputy Foreign Minister Fatime Aldjineh Garfa on Monday.
Kim called for expanding bilateral cooperation in such areas as development assistance in education and health, as the two countries mark the 65th anniversary of diplomatic relations this year.
Garfa voiced hope for stronger ties in areas where South Korea has strengths, including climate change, education and infrastructure, as well as increased high-level exchanges between the two countries, the ministry said.
Deputy Foreign Minister Chung Eui-hye held talks Monday with visiting Zimbabwean Deputy Foreign Minister Sheillah Chikomo. At the meeting, Chung called for expanding bilateral cooperation in the economy, critical minerals and development assistance, the ministry said.
Chikomo expressed hope for broader economic cooperation with South Korea, as well as closer collaboration in agriculture, digital technology and information and communications technology (ICT).
Zimbabwe is one of Africa's leading mineral producers, ranking first in Africa and sixth globally in lithium production, according to the ministry.
Preguntas abiertas
- What specific support will Libya provide for South Korean companies?
- What are the details of the development assistance planned for Chad?
- What are the specific targets for economic cooperation with Zimbabwe?
- What is the timeline for the full reopening of the South Korean Embassy in Libya?
