Deputy Minister Aziz Pahad has Arrived in South Korea, 20 September
Tshwane - South African Deputy Foreign Minister Aziz Pahad has today,
Tuesday 20 September 2005, arrived in the Republic of Korea (South Korea) ahead
of a three-nation visit that will see him visit China and North Korea respectively.
The visit to central and east Asia is scheduled from Tuesday - Wednesday, 20 -
28 September 2005.
The visit comes within the context of South Africa's
commitment to consolidate bilateral relations with all countries of the South
in an attempt to create the conditions for the development agenda of the South
to be achieved.
Deputy Minister Pahad will hold bilateral political and
economic discussions with his counterpart, Vice Minister Lee, Tae-sik on Wednesday,
21 September 2005.
Issues on the agenda of discussions are expected to include,
- The status of bilateral political and economic relations;
in the region;
- A briefing by Deputy Minister Pahad on developments in
Africa and the SADC region; and
- Other issues of mutual interest.
Bilateral economic trade relations between South
Africa and South Korea have been increasing yearly with Seoul presently being
South Africa's fourth largest trading partner in Asia. South Africa is Korea's
largest trading partner in Africa.
In this regard, total trade amounted
to US$ 1,1 billion US dollars in 2003.
Trade between South Africa and Korea
is of a complementary nature and encompasses a broad range of products, minerals
and semi-finished products to sophisticated high-technology electric and electronic
products. South Africa is a large supplier of bulk raw materials and semi-processed
minerals and metals essential for numerous production processes in Korea such
as gold, coal, ferro-chromium, ferro-manganese, iron ore, stainless steel, lead,
copper, nickel and zinc.
South Korean exports to South Africa are predominantly
made up of value-added or manufactured products. Products such as automobiles,
auto tires, woven fabrics, apparel as well as industrial electronic and consumer
electronic goods are increasingly making inroads into the South African market.
Nine Koran conglomerates have established branch offices in South Africa,
including Samsung, Hyundai, Daewoo and LG International. The Korea Trade Promotion
Corporation (KOTRA) established an office in Johannesburg during June 1992.
Statistics Between RSA and ROK
Minister Pahad will depart from Seoul for Beijing, China on Thursday, 22 September
Issued by Ronnie Mamoepa on 082 990 4853
Private Bag X152
20 September 2005