KOREA PROPOSES NEW COOPERATION AXES IN THE SME SECTOR

MINPMEESA > News > KOREA PROPOSES NEW COOPERATION AXES IN THE SME SECTOR

 Cooperation ties between Cameroon and Korea were strengthened on May 27th 2019 during an audience granted by the Minister of Small and Medium-Sized Enterprises, Social Economy and Handicrafts Mr. Achille BASSILEKIN III to the Ambassador of the Republic of Korea, Her Excellency BOK RYEOL RHYOU.The approximately forty minutes discussions between both parties accompanied by their close collaborators centered around capacity building of young promoters of incubators, the development of Human resources in the SMEs, ICTs and  Digital sectors.Speaking to the media, Her Excellency BOK RYEOL RHYOU declared that the Republic of Korea is ready to share its development experiences with the developing Cameroonian SME sector given that Korea gained its development thanks to the contribution of its business sector and groups like Samsung and LG.

She went further to state that a network of contacts, meetings and commissions to highlight Korea’s development process and experiences will be created. Her Excellency BOK RYEOL RHYOU reaffirmed that the Republic of Korea remains a faithful partner to Cameroon and will contribute concretely in achieving Cameroon’s 2035 Development Vision through its cooperation with MINPMEESA in developing the Cameroonian business sector.  Minister Achille BASSILEKIN III on his part made it known that axes for cooperation between both countries especially in the field of SMEs revolve around exploring how the Cameroonian entrepreneurial ecosystem through its innovative SMEs and Start-ups in the field of incubators can build business networks and learn from Korea’s models of incubation construction, learn from its technological, innovative and human resource potentials so as to meet up with the challenges related to the development, innovation and technological capacities in these fields.

It should be noted that Korea is the 11th world economic power and the only country that has left from a beneficiary to a donor state.

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