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Shown above is the capital of Kenya, Nairobi. Many foreign companies tapped into the city. Photo courtesy of Kenya Embassy in Seoul

Kenya’s diplomat highly evaluates Korea’s Saemaeul Movement

As a gateway into the emerging African continent, Kenya is attracting South Korean corporations, according to the country’s top diplomat in Seoul.

Kenya’s Amb. H.E. Mwende Maluki Mwinzi made the remarks during a recent interview in time with the country’s Independence Day, otherwise dubbed Jamhuri Day, which falls on December 12.

“Kenya is a regional anchor economy and a veritable gateway into the continent with myriad economic accelerator advantages such as an air transport hub with four international airports connecting directly to Europe, Asia, the Middle East, and the United States,” she said.

A host of Korean companies has already tapped into the Kenya market, including Samsung, LG, POSCO, and Lotte. They are all large-sized conglomerates of the Asian country.

The diplomat invited other Korean companies to Kenya, which she said is full of potentials.

“The door remains open for more Korean companies to set base, especially in the manufacturing sector, in order to benefit from Kenya’s youthful, well-educated population, the thriving creative, and innovative environment, and competitive labor costs,” Mwinzi said.

The ambassador also highly evaluated Korea’s Saemaeul Movement, a political initiative in the 1970s aimed at modernizing the rural Korean economy.

The campaign is regarded as a successful attempt to improve the basic living conditions and environments of the rural areas.

“Numerous opportunities also exist to share best practices given Korea’s economic miracle and transition into a global economic powerhouse. The Saemaeul Movement was an important building block in Korea’s development, and its contribution to this country’s economic revolution is incalculable,” she said.

“Kenya’s appreciates the role of the cooperative movement and provides support to the sector through the State Department for Cooperatives in recognition of the role of cooperatives in supporting micro and medium enterprises as well as enabling framer cooperatives to establish a presence in foreign markets.”

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The publisher studied Korean history in Seoul and management of business administration in the United Kingdom. He has 20-year experiences in the media business. Kim can be reached at voc200@gmail.com or 82-2-6956-6698.