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CSR Hyundai Motor Group Co-Hosts 2024 Korea-Africa Business Forum to Foster Partnerships for Sustainable Development
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CSR Hyundai Motor Group Co-Hosts 2024 Korea-Africa Business Forum to Foster Partnerships for Sustainable Development
CSR Hyundai Motor Group Co-Hosts 2024 Korea-Africa Business Forum to Foster Partnerships for Sustainable Development
Hyundai Motor Group Co-Hosts 2024 Korea-Africa Business Forum to Foster Partnerships for Sustainable Development
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SEOUL, March 25, 2024 – Hyundai Motor Group (the Group) co-hosted a 2024 Korea-Africa Business Forum today in Seoul in partnership with the Centre for Sustainable Structural Transformation (CSST) at SOAS University of London and the Korea-Africa Foundation.
The forum discussed how Korean and African stakeholders can work together as strategic partners for sustainable development amidst ongoing geopolitical uncertainty.
“Africa holds immense potential for strong partnerships and sustainable development,” said Ken Kim, Executive Vice President of HMG Business Intelligence Institute. “Through this forum, we have set the stage for cooperation between South Korea and African nations, and facilitated a fruitful discussion on how to make Korea a truly forward-looking partner for Africa.”
Distinguished participants from Africa included Rob Davies, the Former South African Minister of Trade and Industry and high-level members from Morocco’s Agency for Nuclear and Radiological Safety and Security (AMSSNuR); Industrial Development Corporation (IDC) of South Africa; African Minerals Development Centre (AMDC); South African Chamber of Commerce in South Korea; and United Nations University. Also in attendance were key African dignitaries, including ambassadors and embassy officials from 9 African countries.
Representatives from Korea and SOAS CSST included Ken Kim, Executive Vice President of HMG Business Intelligence Institute; Ha-Joon Jang, Research Professor of Economics and co-director of CSST, SOAS University of London; Woon-Ki Lyeo, President of the Korea-Africa Foundation; and Soon-Young Hong, Executive Director of the Export-Import Bank of Korea.
The forum consisted of a closed session in the morning, where key participants came together to discuss the vision and multi-pronged action plan for Korea-Africa economic cooperation. In the afternoon, an open session was held to explore private-sector cooperation in areas such as energy transition leveraging green hydrogen and critical minerals, and digitalization and supply cooperation strategy. The participants discussed Africa’s energy transition, South African green hydrogen commercialization strategy, investments in alternative energies, Africa’s digitalization progress and its importance for sustainable industrialization, and the challenges and opportunities of a green transition in Africa.
The Group’s participation in the forum is a continuation of the collaboration with SOAS to facilitate dialogue and research about Africa, following an initial announcement made in February this year.
About Hyundai Motor Group
Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel and construction, as well as logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all.
More information about Hyundai Motor and its products can be found at:
http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai , Kia Global Media Center (kianewscenter.com) , Genesis Newsroom
