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South Korea
Population: 48418
Debt: $220.1 billion
Overview:

After its third Korea-Africa summit in November 2009, Seoul is becoming a strong force on the African continent. Represented best by its contractors – recently winning deals to revamp railroads in Cameroon and build thousands of housing units in Ghana – South Korea expects to gain political clout to match its economic prowess.

news from South Korea

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Found 56 articles.

Displaying 1-10 out of 56 results.

  • Vol 5 No 4
  •  February 2012

The big diamond scam

South Korean President Lee Myung-bak prides himself on his government’s resource diplomacy, but now a corrupt Cameroonian diamond deal has taken its first political casualties. The CNK International stock price-rigging scandal continues to snowball. The E...

  • Vol 5 No 4
  •  February 2012

The emperor's new house

A bruising election year in Ghana kicked off with President John Atta Mills’s 9 January announcement of the death of South Korean company STX Corporation’s US$10 billion housing programme. An Accra High Court threw out local manager Bernard Kwabena Asamoa...

  • Vol 5 No 2
  •  December 2011

China and India join aid cooperation

European officials left the Busan Fourth High-Level Forum on Aid Effectiveness on 1 December congratulating themselves on having brought China and India closer into the global aid infrastructure.

  • Vol 5 No 2
  •  December 2011

Housing scheme crumbles

The multi-billion-dollar housing venture run by South Korea’s STX and a group of Ghanaian investors looks close to collapse, with the partners embroiled in lengthy court actions against each other. The failure of the scheme, which was one of President Joh...

  • Vol 4 No 12
  •  October 2011

Diamond dealers

Parliamentary investigations expose a cosy relationship between the South Korean government and the backers of a controversial diamond project

  • Vol 4 No 12
  •  October 2011

Animated investors in the diamond mines

C&K Mining has been operating in Cameroon since 2007 and has been working on production plans for the Mobilong and Limokoali diamond mines ever since. President Paul Biya signed a decree on 17 December 2010 that allowed the company to complete the...

  • Vol 4 No 12
  •  October 2011

Water and copper under the bridge

South Korean company Samsung C&T has become a collateral victim of the dispute between Belgian company George Forrest International and Congo-Kinshasa’s state mining company, Gécamines. GFI and Gécamines are vying for control of Compagnie Minièr...

  • Vol 4 No 11
  •  September 2011

STX's house is falling down

The list of problems for the STX housing deal grows longer as plans to fly in thousands of Asian workers divide the project’s backers. STX Group of Korea declared its intention in August to import 1,500 Indonesian workers to build the 30,000 housing units...

  • Vol 4 No 11
  •  September 2011

Fire sale

Ahead of national polls scheduled for 28 November, the Kinshasa government has decided to sell off state assets to a Hong Hong-based company for a fraction of their value.

  • Vol 4 No 9
  •  July 2011

Slow movers

The opposition and ruling parties grow anxious as the STX housing deal shows no progress on its first anniversary

Displaying 1-10 out of 56 results.