International

South Korea’s President to visit Egypt for the First Time in 16 Years

mm
South Korea’s President to visit Egypt for the First Time in 16 Years

South Korea’s President Moon Jae-in Photo: Flickr

South Korea’s President Moon Jae-in will arrive in Cairo for the first visit of a South Korean President to Egypt in 16 years on Wednesday, 20 January as part of his Middle East tour. President Abdel-Fatah Al Sisi’s invitation was extended for the two presidents to discuss bilateral cooperation in sustainable growth and bolstering future cooperation in various fields.

President Moon’s visit to Egypt is set for three days, as confirmed by the South Korean Ambassador to Cairo Hong Jin-Wook in a press conference on Sunday, with an official reception ceremony and a bilateral summit taking place. The two presidents will also hold a business roundtable to discuss renewable industries and the development of eco-friendly infrastructure.

South Korea and Egypt’s strategic partnership in 2016 has played a role in the advancement of the relationship between the two countries with special regard to the rate of trade exchange. In the latest report issued in December 2021, Egypt’s Minister of Trade and Industry Nevine Gamea highlighted a 46.9 percent increase from January to October 2021, reaching USD 1.89 billion (EGP 29 billion) as compared to USD 1.28 billion (EGP 20 billion) in 2020. The trade exchange between South Korea and Egypt includes oil products, granite, zinc, as well machines, and equipment.

Egypt’s former Minister of International Cooperation Sahar Nasr and South Korea’s first vice foreign minister Lim Sung-Nam sign an agreement in 2016. Photo: Getty Images

Similarly, Egypt’s exports to the South Korean market saw an increase of 62.3 percent, reaching USD 531.5 million(EGP 8.34 billion) in 2021. Egyptian government reports underscore that South Korea is one of Egypt’s most important trading partners

Presidential Spokesperson Park Kyung-mee reiterated in a press conference the importance of the relationship between Egypt and South Korea with Egypt being the international logistics hub and the base country for Korean corporate advancement in Africa.

Activist Marwa Kenawy Petitions Against Pardoning of her Son's Convicted Killers
At 12 Years Old, Egyptian-American Sawsan Ahmed Graduates University

Subscribe to our newsletter


International
mm

Farah Rafik is a graduate from the American University in Cairo (AUC) with a dual degree in Multimedia Journalism and Political Science. After being an active participant in Model United Nation (MUN) conferences both locally and internationally, Farah discovered her love for writing. When she isn’t writing about Arts & Culture for Egyptian Streets, she is busy watching films and shows to review. Writing isn’t completed without a coffee or an iced matcha latte in hand—that she regularly spills. She occasionally challenges herself in reading challenges on Goodreads, and can easily read a book a day.

More in International

Messi and the Bisht: a Double Standard Reserved Uniquely for the Arab World?

Amina Zaineldine22 December 2022

UK Prime Minister Rishi Sunak Skips COP27 in Egypt

Shereif Barakat29 October 2022

90 World Leaders to Attend COP27 in Egypt

Shereif Barakat10 October 2022

How Powerful is the Egyptian Passport?

Shereif Barakat2 October 2022

Egypt Sets Sights on Hosting 2036 Olympics

Shereif Barakat25 September 2022

USA Returns 16 “Priceless” Stolen Ancient Artifacts To Egypt

Shereif Barakat10 September 2022

Queen Elizabeth II Dies Aged 96

Egyptian Streets8 September 2022

Ancient Egyptian Collections in Australia: a Curator’s Perspective

Melanie Pitkin2 September 2022