Republic of Korea reaffirms commitment to strengthening investment ties with Ethiopia
Addis Ababa, June 26, 2025 (FMC) — The Republic of Korea has expressed a renewed commitment to expanding its investment footprint in Ethiopia, as part of broader efforts to deepen bilateral relations grounded in historical solidarity and shared development goals.
Joo Ho-Young, Deputy Speaker of the National Assembly of the Republic of Korea, made the pledge during an official visit to Addis Ababa, where he held talks with President Taye Atske-Selassie on Thursday.
The high-level parliamentary delegation is in Ethiopia as part of ongoing efforts to enhance diplomatic and economic cooperation.
The Deputy Speaker underscored Korea’s enduring gratitude for Ethiopia’s pivotal role during the Korean War over six decades ago, noting that the sacrifices made by Ethiopian troops remain a cornerstone of the countries’ historic friendship.
“Our discussion began by honoring the sacrifices of Ethiopian soldiers during the Korean War,” Joo told ENA following his meeting with the President. “We also reviewed the development cooperation projects Korea is implementing in Ethiopia and explored new investment opportunities where we hope to collaborate more closely.”
Joo indicated that the delegation presented prospective areas for expanded Korean investment and discussed the forms of support Korean enterprises would seek from the Ethiopian government.
President Taye reaffirmed Ethiopia’s strong commitment to nurturing the historic relationship between the two nations, particularly through mutually beneficial economic partnerships.
He also reiterated the government’s readiness to provide facilitative support for Korean investors.
Ambassador Tizta Mulugeta, Head of the Office of the President, who participated in the meeting, confirmed that the Ethiopian side had assured the delegation of its willingness to create an enabling environment for Korean businesses seeking to expand operations in the country.
During their four-day visit, the Korean delegation visited a number of ROK-supported development projects across Ethiopia, including schools, hospitals, and the Korean War Veterans Memorial.
They also held discussions with Ethiopian war veterans and met with Korean business representatives active in various sectors of the Ethiopian economy.
“Our engagements were aimed at reinforcing investment cooperation and honoring the deep-rooted ties between our peoples,” Joo remarked.
The visit further solidified the evolving relationship between Ethiopia and the Republic of Korea—one that has grown from wartime solidarity into a multidimensional partnership encompassing trade, development, and people-to-people ties.