Korea vows closer cooperation with African partners at KOAFEC meeting
Korea on Wednesday unveiled detailed plans to strengthen cooperation with African nations in artificial intelligence (AI) and digital technologies through initiatives, such as the K-AI Package, alongside measures to improve infrastructure across the continent. The Ministry of Finance and Economy outlined the measures during the four-day Korea-Africa Economic Cooperation (KOAFEC) meeting, which…
Korea pledged enhanced collaboration with African nations at a Korea-Africa Economic Cooperation (KOAFEC) meeting in Seoul, with a focus on artificial intelligence (AI) and digital technologies. The Ministry of Finance and Economy unveiled plans, including the K-AI Package, to bolster partnerships and infrastructure development across the continent.
The four-day meeting, which opened on Tuesday, saw ministerial-level delegations from 45 African countries convene to discuss cooperation in AI and digital sectors. This marks the 20th anniversary of KOAFEC, a consultative body founded by Korea and African countries in 2006. One key agenda item was the K-AI Package, which seeks to deliver AI solutions, data centers, and power infrastructure for projects under the Economic Development Cooperation Fund (EDCF).
Finance Minister Koo Yun-cheol emphasized Korea's transformation into an advanced nation, highlighting the unique expertise and experience Korea can share.
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