Samsung is part of the 30-year anniversary commemoration: #SAKoreaRelations Strategic alliances for continued investment and innovation

Samsung is part of the 30-year anniversary commemoration: #SAKoreaRelations Strategic alliances for continued investment and innovation

Updated: 1 month, 21 hours, 3 minutes, 8 seconds ago

South Africa and the Republic of Korea are marking the 30th anniversary of diplomatic ties and Samsung ( has been part of the government’s discussions on continued bilateral relations between the two countries and other agreements.

of strategic association.

These strategic partner engagements are a continuation of initial discussions in August that Samsung’s global CEO, Mr. Jong-Hee Han, had during his recent visit to South Africa, where he met with the Minister of Commerce, Industry and Competition.

, Mr. Ebrahim Patel, as well as the Minister of International Relations and Cooperation, Dr. Naledi Pandor.

Mr. Han’s visit focused on the company’s long-standing partnership, its long-term vision and ongoing collaboration with the South African government, and potential future opportunities for growth and further investment.

Also, as part of Mr. Han’s discussions with the South African government on the August visit, it was South Korea‘s bid for the 2030 Busan World Expo with both ministers with a view to garnering local support for the bid.

Importantly, the World Expos focus on creating a better future for all mankind, and thus perfectly fit Samsung’s vision of improving mankind through technology and innovation.

Samsung believes that the World Expo to be held in Busan during the 2030 edition would be the perfect platform to share its technological advances and how it sees technology as the main catalyst for an ecological and green future in line with the Sustainable Development Goals of the United Nations.

United Nations.

The Embassy of the Republic of Korea in South Africa, the Korea-Africa Foundation (KAF) and the South African Institute of International Affairs (SAIIA) recently organized a seminar to commemorate the milestone of 30 years of diplomatic relations and trade agreements between the Republic of Korea and South Africa.

In this seminar, Ambassador Ntombizodwa M Lallie, Deputy Director General of the Department of International Relations and Cooperation of South Africa (DIRCO) delivered words of congratulations where she recognized and emphasized the importance of honoring the obligations assumed -referring to the recent meeting between the Samsung Global CEO, DIRCO and DTIC Ministers on Samsung’s commitment and ambitions to contribute to South Africa’s economic transformation and prosperity.

On October 12, 2022, Minister Pandor paid a courtesy visit to Samsung’s headquarters in South Korea during her official visit to South Korea to commemorate the 30th anniversary of diplomatic relations.

She this time met with the chairman of Samsung Electronics, Mr. Rhee In-yong, and they held further talks in an effort to further strengthen the existing strategic partnership.

Samsung has recognized the importance of the long-standing relationship and the critical role that Minister Pandor, who was previously Minister of Education and more importantly Minister of Science and Technology, has played in strengthening the strategic partnership between the company and the South.

African government.

The Minister’s background and experience in these key government departments align perfectly with Samsung’s agenda around Education and Technology.

Samsung has a number of skills-based, entrepreneurial and empowerment projects in the ICT sector in which it operates.

Inspired by the transformative power of economic investment that took South Korea from one of the poorest countries in the world to one of the most successful.

economies, Samsung South Africa has reaffirmed its commitment to continue making incredible strides in its long-term vision for the country.

This is reflected in the company’s continued investment in the country coupled with its Tier 1 – BBBEE Rating for four (4) consecutive years, which is in line with Samsung’s dedication to remain an active contributor to the future of the South African economy.

and a strong supporter of economic transformation.

Importantly, Samsung has reaffirmed its commitment to continue building on the multi-billion dollar Equity Equivalent Investment Program (EEIP), which is already celebrating more than three years of sustained success.

Launched in May 2019 in partnership with the Department of Trade, Industry and Competition (DTIC) and sector support from the Department of Communications and Digital Technologies (DCDT), this program is expected to have a measurable impact on job creation with a projected contribution of over 1 billion rands to the overall South African economy.

Samsung’s 10-year plan aims to address key development issues linked to the National Development Plan and the overall transformation of the economy.

Samsung’s EEIP program is aligned with DTIC’s Black Industrialization program through e-waste recycling and benefication, which has seen an investment in two black women-owned entities that now operate in the full e-waste value chain.

It also has a strong focus on business development and capacity building in ICT through the development of scarce skills.

Additionally, Samsung is developing 4IR skills in partnership with several higher education institutions in South Africa.

Young South Africans are gaining craft and electronic skills through the Samsung Engineering Academy program, as well as coding, software development, IOT and artificial intelligence skills through the Samsung Innovation Campus program.

Additionally, students in grades 10 and 11 will be encouraged to solve social problems in their communities through Samsung’s Solve for Tomorrow STEM competition, which is being piloted in 51 schools across the country.

Ultimately, as part of a global community, these ongoing collaborations and empowering initiatives are designed to make a difference for all people.

Samsung is proud to support Busan’s bid for World Expo 2030. Share Chat downloader