The Financial Services Commission and the Korea Federation of Banks will invite and host the banking industry associations of Nigeria, Botswana, and Mauritius and the Southern African Development Community from June 17 to 19 to seek stronger financial cooperation between Korea and Africa. The KFB signed memoranda of understanding (MOUs) with the banking associations of Nigeria, Botswana, and Mauritius on June 17 to seek stronger cooperation and mutual development of the banking industries. FSC Chairman Kim Joo-hyun attended the MOU signing event and delivered congratulatory remarks where he emphasized the importance of today’s agreement as a beginning for seeking stronger cooperation between Korea and Africa. In this regard, Chairman Kim said that he hopes to see Korea’s strong advantage and know-hows in the field of digital finance being able to make great contributions to Africa’s economic development going forward. Chairman Kim added that Korea’s financial industry will also benefit and grow from this process.