President Park Geun-hye is expected to arrive in Addis Ababa today for 3 days tour to Ethiopia that is expected to boost bilateral ties.
The trip, which also takes Park to Uganda and Kenya, comes as South Korean companies are pushing to expand business opportunities in these foreign markets that could give a much-needed boost to Asia’s fourth-largest economy as it is her first visit since she assumed power in 2013.
Africa has emerged as a continent of opportunity in recent years, though South Korea has yet to make significant foray into these markets. The country’s outbound shipments to Africa accounted for just 1.4 percent of its total exports last year, according to government data.
South Korea’s chief executive is set to meet with Ethiopia’s Prime Minister Hailemariam Desalegn and President Mulatu Teshome during her trip to Addis Ababa from May 25 to 28.
In Ethiopia, Park is also scheduled to deliver a speech at the headquarters of the African Union and meet with African Union Commission chief Nkosazana Dlamini-Zuma to discuss ways to strengthen cooperation between the two sides.
South Korea, an East Asian nation on the southern half of the Korean Peninsula, shares one of the world’s most heavily militarized borders with North Korea. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, tropical islands and high-tech cities such as Seoul, the capital.
The President will visit Ethiopia from May 25- 28 and agreements in air service, elimination of double taxation, health, security, environment and transport are expected to be signed during her stay in Ethiopia. Korean health and supplementary food projects will also be inaugurated in her presence.