Samsung Joins the 30th Anniversary Commemoration: #SAKoreaRelations Strategic Partnerships…

These strategic partner commitments follow initial discussions in August that Samsung’s Global CEO Mr. Jong-Hee Han had during his recent visit to South Africa – where he met with the Minister of Commerce, Industry and Competition, Mr. Ebrahim Patel as well as the Minister of International Relations and Cooperation, Dr. Naledi Pandor. Mr. Han’s visit focused on the company’s long-standing partnership, its long-term vision and continued collaboration with the South African government and possible future opportunities for growth and additional investment.

In addition, as part of Mr. Han’s discussions with the South African government during the August visit, South Korea’s bid for the 2030 Busan World Expo with the two ministers to obtain local support for the bid. It is important to note that World Expos focus on creating a better future for all humanity and therefore fits perfectly into Samsung’s vision for the upliftment of humanity through technology and innovation. ‘innovation. Samsung believes that the World Expo held in Busan during the 2030 edition would be the ideal platform to share its technological advances and how it sees technology as the main catalyst for an ecological and green future in accordance with the objectives of United Nations sustainable development. .

The Embassy of the Republic of Korea in South Africa, the Korea-Africa Foundation (KAF) and the South African Institute of International Affairs (SAIIA) recently held a seminar commemorating 30 years of diplomatic relations and agreements trade between the Republic of Korea and South Africa. During this seminar, Ambassador Ms. Ntombizodwa M Lallie, Deputy Director General of the Department of International Relations and Cooperation for South Africa (DIRCO) gave a congratulatory speech in which she recognized and stressed the importance to honor the obligations undertaken – referring to the recent meeting between Samsung’s Global CEO, DIRCO and DTIC Ministers on Samsung’s commitment and ambitions to contribute to South Africa’s economic transformation and prosperity .

On October 12, 2022, Minister Pandor paid a courtesy visit to Samsung’s headquarters in South Korea during her official visit to South Korea to mark the 30th anniversary of diplomatic relations. This time, she met with Samsung Electronics Chairman Mr. Rhee In-yong and held further discussions in a bid to further strengthen the existing strategic partnership.

Samsung recognized the importance of the long-standing relationship and the critical role that Minister Pandor, who previously served as Minister of Education and, most importantly, Minister of Science and Technology, has played in strengthening the strategic partnership. between the company and the South. African government. The Minister’s background and experience in these key ministries aligns perfectly with Samsung’s education and technology agenda. Samsung has a number of empowerment, entrepreneurship and skills projects in the ICT sector in which it operates.

These ongoing collaborations and empowerment initiatives are designed to make a difference for all

Inspired by the transformative power of economic investment that has transformed South Korea from one of the world’s poorest countries to one of the most prosperous economies, Samsung South Africa reaffirmed its commitment to continue to make incredible progress in its long-term vision. for the country. This is reflected in the company’s continued investment in the country, coupled with its Tier 1 – BBBEE rating for four (4) consecutive years, which is consistent with Samsung’s commitment to remain an active contributor to the future of the South African economy and a strong supporter of economic transformation.

Importantly, Samsung reaffirmed its commitment to continue building on the Multi-Million Equity Equivalent Investment Program (EEIP), which is already celebrating more than three years of sustained success. Launched in May 2019 in partnership with the Directorate of Trade, Industry and Competition (DTIC) and the sectoral support of the Directorate of Communication and Digital Technologies (DCDT), this program should have a measurable impact on job creation with an expected contribution of over R1 billion to the South African economy as a whole.

Samsung’s 10-year plan aims to address key development aspects related to the National Development Plan and the overall transformation of the economy. Samsung’s EEIP program is aligned with DTIC’s Black Industrialization program through e-waste recycling and recovery, which saw investment in two black women-owned entities that now operate across the full value chain of electronics. electronic waste. It also emphasizes business development and capacity building in the area of ​​ICT through the development of scarce skills. Additionally, Samsung is developing 4IR skills in partnership with a number of higher education institutions in South Africa.

Young South Africans learn craft and electronics skills through the Samsung Engineering Academy program, as well as skills in coding, software development, IOT and artificial intelligence through the Samsung Innovation Campus program. Additionally, Grade 10 and 11 learners will be encouraged to solve social problems in their communities through Samsung’s Solve for Tomorrow STEM competition, which is being piloted in 51 schools across the country.

Ultimately, as part of a global community, these ongoing collaborations and empowerment initiatives are designed to make a difference for all.

Samsung proudly supports Busan’s bid for the 2030 World Expo.