0454 GMT February 22, 2020
The 53rd annual meeting of the African Development Bank (AfDB) will be held in the country's port city of Busan from Monday to Friday under the theme of ‘Accelerating Africa's industrialization’, said the ministry, the event's organizer, yonhapnews.co.kr reported.
Moroccan Prime Minister Eddine El Othmani will also join a high-level session as a panelist, and World Bank President Jim Yong Kim will deliver a special address.
On the sidelines of the AfDB meeting, the Korea-Africa Economic Cooperation (KOAFEC) meeting will be held, with African trade and industry ministers taking part in the event. The biennial meeting was launched in 2006.
A large group of African business leaders will also visit the country to contribute to the discussions at this year's meeting.
On Tuesday, eight African ministries and state-run companies will introduce their major infrastructure development projects to seek investments from South Korean financiers and businesses.
One-on-one meetings between 45 African agencies and South Korean companies are also scheduled.
The Busan AfDB meeting is the fifth of its kind to be held outside the African continent, according to the ministry.