In order to support Korean companies investing in Africa, the Republic of South Korea wants to provide 14 billion US dollars in financing.

Up to 48 African countries were represented at the first Korea-Africa Summit. On the occasion, the Korean President, Yoon Suk Yeol announced that the Republic of Korea will commit to providing 14 billion US dollars in export financing to support Korean companies investing in Africa, while increasing its official development assistance to ten billion dollars by 2030. President Yoon Suk Yeol has pledged that Korea will extend its trade and investment promotion frameworks and investment protection agreements to African

Korea has been praised by African leaders for its open and mutual approach that aims to strengthen cooperation with the continent.