South Korea Eyes Expanded Investment in Ethiopia

• South Korea’s Deputy Speaker Joo Ho-Young advocates for increased investment in Ethiopia.
• The historical ties between South Korea and Ethiopia date back to the Korean War.
• Ethiopia’s sacrifices during the Korean War are acknowledged during high-level talks.
• Deputy Speaker Ho-Young discusses potential investment opportunities in various sectors.
• President Selassie pledges support for South Korean investors aiming to expand.

Strengthening Economic Ties Between Ethiopia and South Korea

South Korea is signaling a noteworthy commitment to expand its investment in Ethiopia, as articulated by Joo Ho-Young, the Deputy Speaker of the National Assembly. On June 26, 2025, during an official visit to Addis Ababa, he met with President Taye Atske Selassie, emphasizing the historical unity shared between the two nations. The bonds, particularly fortified through Ethiopia’s solidarity during the Korean War, now lay the foundation for a more robust partnership, demonstrating mutual respect and deepening diplomatic ties.

Key Discussions on Investment Opportunities

During this observed four-day visit, the Deputy Speaker underscored the importance of collaboration between South Korea and Ethiopia, particularly in sectors of development and investment. Meetings touched upon successful South Korean-supported projects currently operational in Ethiopia, including educational institutions and healthcare facilities. With a spirit of gratitude, Ho-Young acknowledged the significant sacrifices made by Ethiopia during the Korean conflict, a reminder that continues to heighten cooperation and friendship between the countries today.

Commitment to Mutual Development Goals

The meetings also delved into potential areas for new investments, with the South Korean delegation expressing hope for active support from their Ethiopian counterparts. President Selassie reassured the team of the Ethiopian government’s commitment to fostering a conducive atmosphere for South Korean investors looking to broaden their reach within the country. This growing investment relationship suggests a promising future for both nations, reflecting a broader trend of South Korea’s interest in African markets.

In essence, South Korea’s intention to expand its investments in Ethiopia marks a significant step in the strengthening of diplomatic ties between the two nations. The discussions highlighted a shared history of sacrifice and support, with both countries pledging to enhance their economic cooperation. As South Korea continues to explore investment opportunities in Ethiopia, the implications for development and growth are potentially substantial for both sides.