The 8th Korea-Africa Ministerial Conference on Economic Cooperation (KOAFEC) opened on September 9, 2026, in Seoul, prioritizing digital technology and artificial intelligence. Approximately forty African nations are participating, with the central theme being “Leveraging Artificial Intelligence and Digital Infrastructure for the Transformation of Africa.” South Korea aims to bolster its partnership with Africa through advancements in AI, making it a strategic priority alongside digital transformation, led by Prime Minister Han Seong-sook. Co-chaired by Dr. Sidi Ould Tah, President of the African Development Bank Group, and Korean Deputy Prime Minister Koo Yun-cheol, the conference brings together ministers, multilateral institutions, investors, and startups. Dr. Ould Tah hopes to reposition the partnership amidst global shifts, advocating for the African Development Bank’s strategic focus and the New African Financial Architecture (NAFAD). The event is expected to culminate in a final declaration and action plan for 2027-2028, charting a new course for Korea-Africa cooperation, centered on digital technology as a growth driver.

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