Seeking to Diversify Supply Chains and Identify New Sources of Imports

The Korea Importers Association has begun expanding cooperation to identify Africa as a new source of imports and diversify supply chains for key resources.


The association said on November 11 that it had held a meeting with African ambassadors to Korea on November 9 at Chavit Cuisine on Sebitseom Island in Seoul to discuss ways to expand trade and economic cooperation.

Attendees pose for a commemorative photo at a meeting with African ambassadors to Korea, held on the 9th at Chavit Cuisine on Sebitseom Island in Seoul. Korea Importers Association

Attendees pose for a commemorative photo at a meeting with African ambassadors to Korea, held on the 9th at Chavit Cuisine on Sebitseom Island in Seoul. Korea Importers Association

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Attendees included Shafik Rachadi, Morocco's ambassador to Korea; ambassadors to Korea from 17 African countries; Kim Youngchae, chairman of the Korea-Africa Foundation; and Yoon Youngmi, chairwoman of the Korea Importers Association.


Attendees shared information on the industries and resources of their respective African countries and exchanged views on expanding trade between Korea and Africa and fostering cooperation between companies. In particular, they discussed ways for Korean companies to identify new suppliers and secure stable supply chains, focusing on key African resources and promising products such as minerals, energy, and agricultural, livestock, and fishery products.



Chairwoman Yoon said, "Africa is an important partner in diversifying global supply chains and identifying new sources of imports. We will expand cooperation to introduce competitive products and promising items from each country to Korean companies."


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