Korean firms cast eyes toward Africa as Middle East tensions simmer

“As the conflict in the Middle East continues, Korean firms are increasingly casting their gaze toward the African continent, seeking a strategic hedge against regional instability. The pivot comes as investors reconsider oil and gas producers such as Algeria, Nigeria and Angola as viable alternatives to Middle Eastern suppliers. With Africa’s GDP growth projected at a robust 4 percent through 2025, the continent is emerging not just as a resource hub, but as a frontier for massive infrastructure and digital industrialization. On Thursday, the Korea Trade-Investment Promotion Agency (KOTRA), alongside the Ministry of Economy and Finance and the African Development Bank (AfDB), hosted a webinar designed to demystify African project markets for Korean industry leaders. The event, which drew representatives from more than 70 companies, signaled a concerted effort by Seoul to leverage intergovernmental financing bodies to mitigate the traditional risks associated with the continent’s emerging markets. “In the midst of global uncertainty, Africa is surfacing as a market of new opportuni

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