Cameroon forges new economic ties with South Korean investor
A South Korean agribusiness leader, Dr. Hae-Jung Jung, eyes major investments in Cameroon’s cocoa and industrial sectors following productive talks with Minister of Trade Luc Magloire Mbarga Atangana.
In a bold move to boost Cameroon’s cocoa exports through direct trade channels, Minister of Trade Luc Magloire Mbarga Atangana reached out in late 2024 to leading global chocolate producers, including South Korea’s Dr. Hae-Jung Jung. The minister’s outreach aimed to position Cameroon’s premium cocoa on the global stage.
Dr. Jung’s recent working visit to Cameroon on June 5, 2026, culminated in a productive meeting at the Ministry of Trade, where both parties explored avenues for deeper collaboration. His firm, already established in markets like China, has expressed strong interest in purchasing up to half of Cameroon’s 300,000-ton annual cocoa output—confirmed by rigorous laboratory analysis to be of exceptional quality.
Beyond cocoa, Dr. Jung outlined plans to accelerate Cameroon’s industrial growth by setting up high-tech manufacturing parks on 100-hectare plots, mirroring successful projects he has led in Nigeria, Ghana, Angola, and Guinea. Early initiatives include relocating a melamine and porcelain tableware factory, alongside kitchen utensil production. He also highlighted potential investments in healthcare as part of a broader continental strategy.
Minister Mbarga Atangana welcomed the proposals, noting they align with President Paul Biya’s import-substitution policies. He highlighted Cameroon’s institutional stability, abundant resources, and dynamic youth as key strengths. Both sides agreed to fast-track implementation, underscoring the credibility of Dr. Jung’s proposal—crafted after more than a year of deliberation since the minister’s initial outreach.
The South Korean investor’s proven track record, international reputation, and transparent approach signal promising prospects for substantial economic engagement in Cameroon.
