Monday, March 28, 2011

the asian scramble for africa

South Korea joins Beijing in the scramble for access to the continent's vast natural resources. Kim Sung-Hwan South Korea's foreign minister will travel to Gabon, the Democratic Republic of Congo and Ethiopia.

Talks will be held on oil exploration projects in Gabon and the building of infrastructure in Congo in return for energy deals, a ministry official said. "We plan to actively encourage South Korean companies take a plunge in Africa, the world's emerging economy rich with energy resources," the ministry said in a statement. "The trip... is aimed at helping South Korean companies win business deals there and sharing the experience of our economic development with Africa".

India has also been securing land and resource deals in Africa in a bid to maintain its growth.

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