South Korea Looking To Partner On African Tech

Written by Staff

In partnership with the African Development Bank, Korea is ready to step up technology transfers to Africa.

Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there was huge potential for cooperation and immense opportunities for job-creating bankable projects.

The range of business options include agriculture, green growth, smart urban transportation management, and numerous business opportunities.

South Korea
Photo by rawpixel on Unsplash

President of the African Development Bank, Dr. Akinwumi Adesina says, “the Future is going to be an exponentially different future,” and that the Bank intends to “explore the creation of a strategic partnership with Korea that could lead to the creation of a Korea-Africa research and training Drone Center, that could help pave the way for Africa’s 4th Industrial Revolution.”

From IT News Africa.

According to Hyung-Ju Kim, Director, Global Strategy Division, Green Technology Center, “Korean expertise can provide a practical and pragmatic solution to a wide range of Africa’s most pressing technology needs: The African Development Bank could play a major role here: if we bring technology to the table, the Bank can identify and facilitate bankable projects that can boost technology cooperation between Africa and Korea.”

With funding from the Korea-Africa Cooperation (KOAFEC) fund, the African Development Bank, in cooperation with Busan Metropolitan City, and the Busan Techno Park, has launched, a pilot project in Tunisia using drone technology to develop agriculture, including data collection and analysis, monitoring irrigated perimeters, aquifers, the effects of climate change, land degradation, biodiversity, filling and siltation of dams, and overall agricultural production.

Korea and the African Development Bank intend to extend the program to other countries and regions in Tunisia and Africa, and explore the massive market potential of industrial zones in other sectors.

Read more at IT News Africa.