Ethiopia and South Korea to Bolster Economic Ties

At the beginning of July, the Ethiopian Ambassador Dessie Dalkie Dukamo was on tour in Seoul to explore and strengthen cooperation in the areas of trade, investment and capacity building.

While in South Korea, Ambassador Dukamo visited the Province of Gyeongsangbuk-do and met with the Governor Lee. Ambassador Dukamo underlined that both countries enjoy long-standing relationship. He hope to see the relationship develop further from G2G to R2R or Region to Region.

Recently, the Busan Economic Promotion Agency (BEPA) invested USD 10 million in a shoe factory in Ethiopia. The capital will go towards building the factory premises and the training of workers in order to “enhance the competitiveness of leather and leather products industry.”

Ambassador Dukamo highlighted the young labor force and easy access to raw materials which give Ethiopia a competitive edge in the shoe and leather industry. In a bid to formailze and deepen the partnership, the Ethiopian Embassy in Seoul and the BEPA Footwear Industrial Promotion Center signed an MOU.