Inconsistent policies and lack of infrastructure pose hurdles for firms seeking to diversify supply chains in Africa
ROK President Yoon Suk-yeol with Kenyan President William Ruto at an African Diplomatic Corps Dinner, Nov. 23, 2022 | Image: ROK Presidential Office
As South Korean companies shift their supply chains to Africa for critical minerals, they face significant challenges due to inconsistent economic policies and a lack of reliability, robust trade financing and continuity.
The Interbattery Forum 2024, held in Seoul in March, highlighted the intensifying competition between South Korean and Chinese battery-making companies as they fight to expand their market share and secure a stable supply of raw materials.
As South Korean companies shift their supply chains to Africa for critical minerals, they face significant challenges due to inconsistent economic policies and a lack of reliability, robust trade financing and continuity.
The Interbattery Forum 2024, held in Seoul in March, highlighted the intensifying competition between South Korean and Chinese battery-making companies as they fight to expand their market share and secure a stable supply of raw materials.
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