▲ World Federation of Korean Business (WFKB) Chairman Kim Sang-duk ▲ Embassy of Angola in Korea Ambassador Albino Malungo

Korea-Angola Economic Forum jointly organized by Embassy of Angola in Korea and World Federation of Korean Business Development(KFKB) was  held at Ambassador Hotel in downtown Seoul on Oct.8.

On hand at the function  which also marked  73rd WFKB Forum chaired by Kim Sang-duk were 40 prominent Korean business leaders who discussed ways of promoting economc relations between Korea and Angola which is a highlly multiethnic nation as one of the largest African countries.
Angolo is also wellknown as one of the largest producers of diamond in the world.
Angola is currently rebuilding at full swing after suffering from civil war for 27 years since
independence  from Portugal in 1975.
Now the country of 19 million is finally at peace and is going through a dramatic rebirth.
Diplomatic relations between Korea and Angola were formalized on June 2, 1993 with the signing of the  General Agreement on Economic, Technical and Scientific Cooperation.
Korea opened its Embassy in Luanda in December 2007 and Angoloa opened its Embassy in Seoul in August 2008.

In the meantime, South Korean ambassador to Angola, Kim Dong-Chan,in Luanda recentlly said that the  co-operation relations between the two countries have recorded a new impulse, in sequence of the economic and political reforms taking place in both states.

Kim Dong-Chan, who was speaking at a reception held in the ambit of the commemoration of South Korea's National Day, marked on 02 October, explained that the presidents of the two states have been implementing positive reforms that will re-launch the co-operation levels between both nations.

He stressed that with the two countries going through a reform processes, spearheaded by the new leaderships of President Moon (South Korea) and President Lourenço (Angola), there is certainty that there will be an impulse in the relations between both countries and a reinforcement of the 26-year bilateral relationship.

On the occasion, ambassador Kim Dong-Chan said that he hopes that by the tear 2022 both countries' presidents can hold a summit to strengthen the friendship and put into perspective a better future for both peoples.

For many years now South Korea has been supporting Angola in the implementation of development projects.

He then emphasised that South Korea's government will do its best to contribute to the Angolan economic diversification process.

South Korea and Angola have been co-operating in various areas, with highlight on industry, fisheries, agriculture, culture, education, vocational training and diplomatic training.

In the year 2017, the volume of trade exchange between both countries reached USD 200 million.