South Korean President Yoon Suk Yeol, right, shakes hands with Mauritania President Mohamed Ould Ghazouani after the joint press conference for the 2024 Korea-Africa Summit in Goyang, South Korea, Tuesday, June 4, 2024. Following Tuesday’s meeting, South Korea and the African nations announced that they will start high-level talks aimed at improving cooperation over minerals. South Korean officials say expanding ties in minerals and other natural resources would help improve the country’s supply chain resilience in key technology industries. Yoon said South Korea also plans to expand its cumulative development aid contributions to Africa to around $10 billion by 2030 and separately provide $14 billion in export financing to encourage South Korean investment in the region. He expressed hopes for coordinating with African nations to build pressure on North Korea.
