The meeting came as FM Abdelatty participates in the Korea-Africa Ministerial Meeting, where Egypt is seeking to deepen economic cooperation and attract additional foreign investment and development financing.
During the meeting, FM Abdelatty expressed Egypt's interest in strengthening existing cooperation frameworks and broadening its partnership with the Korean fund to support the country's Vision 2030 sustainable development agenda, according to a statement from the Egyptian Ministry of Foreign Affairs.
He said Egypt is keen to further benefit from the bank's technical and financial expertise, particularly by providing technical assistance and enhancing the capabilities of the private sector.
Abdelatty also reviewed recent improvements in Egypt's investment climate, highlighting opportunities available to Korean companies and institutions.
He pointed to Egypt's strategic location and advanced infrastructure, which he said positions the country as a regional manufacturing and export hub serving markets across Africa, the Middle East, and beyond.
The foreign minister said government incentives and reforms have created favourable conditions for investment in priority sectors, including digital technologies, artificial intelligence, and industrial development, which are central to Egypt's strategy to attract foreign direct investment and support sustainable economic growth.
For his part, Seo praised the Egyptian government's economic and structural reforms, commending the country's economic performance despite regional and global challenges.
He said the reforms had contributed to strengthening financial and monetary stability, improving the business environment, and supporting economic empowerment and social protection programmes.
Seo added that the Egyptian economy has demonstrated resilience amid regional tensions and global economic headwinds, attributing that performance to structural reforms and policies aimed at maintaining stability and encouraging growth.
He also highlighted Egypt's influential regional and international role, describing it as a key partner in addressing common challenges and advancing sustainable development efforts.
Both sides underscored the importance of maintaining coordination and consultations to further expand economic and development cooperation and build on the achievements of the comprehensive partnership between Egypt and South Korea.
The talks took place on the sidelines of the Korea-Africa Foreign Ministers’ Meeting in Seoul, held under the theme “Partnership for Joint Responses to Global Challenges.”
The gathering brings together foreign ministers and representatives from more than 50 African countries, alongside the African Union (AU), the African Development Bank (AfDB), the African Continental Free Trade Area (AfCFTA), and the Africa Centres for Disease Control and Prevention (Africa CDC).
This comes as South Korea seeks to expand trade, investment, development financing, and supply-chain partnerships with Africa following the inaugural Korea-Africa Summit in 2024.
The EDCF is the South Korean government's concessional lending arm for developing countries, providing long-term, low-interest financing for development and infrastructure projects.
Established in 1987, the fund supports economic growth, industrial development, digital transformation, transport, healthcare, and energy projects, while also promoting deeper economic cooperation between South Korea and partner countries.
The EDCF has become one of Seoul’s principal tools for expanding development partnerships across Africa, where South Korea has recently intensified efforts to increase financing and economic cooperation.
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