WTIA Group, Seoul now see results after 3yrs in the Resources & Energy sectors of DR Congo
An Executive delegation from WTIA Korea led by Chairman Keun-Young Kim visited Democratic Republic of The Congo from June 27th, 2021.
They have since their arrival had an audience with various Ministry's and Government Entities.
The Meetings with Ministry's were to lay down their Agenda and ensure it was in sync with the Government's initiative.
1. Ministry of Environment and Sustainable Development:
2. Ministry of Mines:
An audience with H.E. Antoinette N'Samba Kalambayi, was to discuss the group's mining sector focus by added value of setting up a local state-of-the-art Smelting Refinery Plant to process 7 minerals locally.
The same meeting also addressed the Energy Deficiency of the country which is crippling the mining and heavy industry sector, Power Packaged Solutions by Hyundai was processed.
The highlight of the meeting was to setup a Battery manufacturing plant in Kolwezi - the source of global cobalt mining.
This reaffirms South Korea's role to lead the Global K-Battery Industry as expressed by the South Korean President himself.
The South Korean President Jae-In Moon, during his recent visit to LG Energy Solution in Korea, expressed his keenness to support the "K-Battery Industry" and said "The K-Battery Industry is an essential industry that opens the future," adding, "It is an area that needs to take more and make sure South Korea leads this technology globally in the future."
Since the establishment of diplomatic relations between Democratic Republic of The Congo and South Korea in 1963, it has continued on-going diplomatic relations and continued economic exchanges.
Also, "The next 10 years will be a critical time to re-determine our country's position in the global battery industry." And "In order to become an unrivaled No. 1 country, we need to focus on public-private capabilities and start responding from now on," he said.
Regarding the investment plan of more than 40 trillion won by 2030 announced by private battery companies, the Korean government is also said to support them to grow into new future flagship industries.
In the overheating global supply chain race, close cooperation between Democratic Congo and South Korea is desperately needed.
Fingers crossed
Frank
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