South Korea Eyes Further Expanded Investment in Ethiopia

- South Korea’s Deputy Speaker emphasizes commitment to Ethiopia.
- The meeting addresses enhancing investment collaboration.
- Historical ties date back to Ethiopia’s support during the Korean War.
- Discussions included South Korea’s development support projects in Ethiopia.
- The delegation engaged with South Korean business representatives in Ethiopia.
A Historic Relationship Deepening Through Investment
Strengthening Diplomatic and Economic Ties South Korea’s commitment to reinforcing its long-standing friendship with Ethiopia was echoed during the recent visit of Deputy Speaker Joo Ho-Young. Amid his official tour, which took place on June 26, 2025, he met with Ethiopian President Taye Atske Selassie to discuss enhancing investment cooperation. The two nations have a historical bond that traces back to the Korean War, where Ethiopia notably supported South Korea, showcasing a shared commitment to peace and stability on the Korean Peninsula.
Discussions on Economic Growth and Support
Exploring New Investment Opportunities Deputy Speaker Ho-Young emphasized the importance of exploring fresh investment avenues during their discussions. He expressed appreciation for Ethiopia’s past sacrifices and underlined that this trip aimed not only at acknowledging history but also at paving the way for economic growth. The talks included a focus on South Korea’s developmental support projects currently underway in Ethiopia, alongside showcasing the potential for further collaboration in various sectors.
Investment Projects and Shared Memories
Building a Mutually Beneficial Future The South Korean delegation’s itinerary included visits to several projects, highlighting the dynamic investment relations. They toured South Korean-supported facilities such as schools and hospitals, as well as commemorating the Korean War Veterans Memorial. Notably, interactions with Ethiopian veterans shed light on shared experiences during the war, reinforcing ties. Ambassador Tizta Mulugeta conveyed President Taye’s commitment to fostering a supportive environment for South Korean investors aiming to deepen their involvement in Ethiopia’s economic landscape.
In summary, South Korea is further solidifying its investment partnership with Ethiopia through enhanced diplomatic ties and economic collaboration. The recent visit of Deputy Speaker Joo Ho-Young marks a pivotal step in this trajectory of growth. Both countries are committed to exploring new opportunities, ensuring a robust future for their longstanding relationship.