Ethiopia, Korea Reaffirm Commitment to Advancing Ties through Strategic & Inclusive Dev’t Initiatives

Addis Ababa, May 8, 2025 (ENA) — Ethiopia and Korea reaffirmed their strong partnership during a high-level Development Cooperation Policy meeting hosted by Ethiopia’s Ministry of Finance.  

Celebrating over 70 years of diplomatic relations, including Ethiopia’s role in the Korean War, the countries committed to deepening their collaboration and aligning development priorities.

Ethiopia’s State Minister of Finance, Semereta Sewasew, welcomed Korean officials and highlighted Ethiopia’s reform efforts, emphasizing Korea’s impactful support.

Ambassador Jung Kang expressed Korea’s dedication to expanding cooperation, especially in trade, investment, cultural exchanges, and people-to-people links.

Korea’s delegation, including KOICA, Korea EXIM Bank, KOFIH, and KOPIA, presented updates on projects supporting Ethiopia’s development.

 

KOICA’s initiatives focus on manufacturing, healthcare, climate resilience, and social inclusion, totaling 183.2 million USD.

Korea EXIM Bank reported 871 million USD across 11 projects in transport, energy, health, and technology, with a focus on infrastructure.

KOFIH outlined healthcare strengthening programs, while KOPIA shared efforts to improve soil fertility and crop resilience.

Ethiopian officials discussed ongoing road and power projects, reaffirming commitment to their success.

Both sides emphasized large-scale programs, private sector involvement, and the importance of regular consultations to ensure sustainable, impactful results.

The meeting concluded with a shared commitment to advancing Ethiopia-Korea relations through strategic and inclusive development initiatives.