15 October 2012

Zambia: President to Attend Korea-Africa Economic Cooperation Indaba

Seoul — PRESIDENT Michael Sata is today expected in Seoul, South Korea to attend the third Korea- African Economic Cooperation (KOAFEC) Forum.

The forum which will be held from tomorrow to October 18, is expected to discuss developmental cooperation, trade investment and global security issues and would be co-hosted by South Korea and The African Union (AU).

KOAFEC was launched by former South Korean President Roh moo-hyun during his 2006 African trip and 17 other African countries are expected to attend the forum.

At the close of the forum, members are expected to announce a joint declaration, action plans and South Korean expansion and developmental assistance to African countries.

The host country is also expected to issue a statement on the establishment of a technology centre at the AU headquartersin Ethiopia.

President Sata is expected to arrive at the Incheon International Airport at 17:15 hours local time (10:15 hours Zambian time) on a four day working visit at the invitation of South Korean President Lee Myung-bak.

According to the programme released by the South Korean Ministry of Foreign Affairs and Trade, Mr Sata is expected to attend the official opening of the KOAFEC Forum on Wednesday at the Grand Hyatt Hotel in Seoul.

President Sata is also scheduled to hold talks with Mr Lee at the Cheong Wa Dae also known as the Blue House, which is the official residence of the South Korean President and attend dinner in honour of all the KOAFEC participants.

On Wednesday, President Sata is further scheduled to have a meeting with South Korean Prime Minister Kim Hwang-Sik on the sidelines of the official opening ceremony for the KOAFEC Forum.

Mr Sata is also expected to visit the KT Olleh Sqaure, an Information Technology company and attend a business seminar with four South Korean major business associates.

He is also expected to have a meeting with the executive director of Sunsung Engineering and tour the Samsung Electronics manufacturing company in Suwan City.

The President is further scheduled to meet the president of the IS Dongseo terrace house construction company and later tour the IS Dongseo terrace house construction site before leaving for Zambia on Thursday.

On the sidelines of the KOAFEC, the First Lady Dr Christine Kaseba is scheduled to visit the Baihan Labtech, a medical equipment manufacturing company and visit the Seoul National University Hospital.

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