Kenya and South Korea have reached a significant milestone in their diplomatic relations, celebrating 60 years of strong bilateral ties.
These relations have fostered collaboration across various sectors, including trade, technology, education, infrastructure development, and culture.
Today, KAM Head of Consulting and Business Development, Joyce Njogu, MCIM, delivered a presentation during the Korea-Kenya 60th Anniversary Partnership Forum, which celebrated economic and cultural partnerships. The discussions focused on enhancing Kenya’s manufacturing capabilities by drawing on Korea’s expertise in technology, innovation, and sustainable practices.
Ms Njogu outlined KAM’s core pillars: Global competitiveness, Export-led industrialization, SME development, and Agriculture for industry. She emphasized the trade relationship between Kenya and Korea, noting that Korea’s exports to Kenya currently stand at $220 million, while Kenya’s exports to Korea amount to $36 million.
She underscored the significant opportunity to expand trade in goods and services between the two nations, highlighting that their strong diplomatic ties provide a solid foundation for this growth.
In addition, Ms Njogu discussed key areas of opportunity, such as improving skills development to boost productivity, promoting technology transfer, and fostering joint ventures that would support trade and investment between Kenyan and Korean manufacturers.
She also identified potential sectors for collaboration, including automotive, electronics, software development, chemicals, and steel.
The forum also explored investment opportunities in Kenya’s industrial parks and special economic zones (SEZs), with Korean companies expressing interest in these areas for future collaboration. Such investments are viewed as essential for strengthening Kenya’s manufacturing infrastructure and attracting further foreign investment.