Trading

S. Korea Pres., UAE FM discuss closer ties

South Korean President Yoon Suk-yeol and United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan discussed ways to strengthen ties across the economic and political sectors on Tuesday, Yonhap News Agency reported.

During their talks in Seoul, Yoon said the UAE’s decision to invest USD 30 billion in South Korea served as an opportunity to deepen the two countries’ economic cooperation a step further and promised to work together to realize investment opportunities beneficial to both sides, according to presidential office spokesman Lee Do-woon. The president also called for joint efforts to further strengthen strategic cooperation between the two countries and produce detailed results in areas such as nuclear energy, defense and arms, said Lee.

Sheikh Abdullah, who was in Seoul as part of a tour of Asia, said work is steadily under way to implement the promised investment cooperation while also expressing hope for increased cooperation in areas such as green energy, investment and arms, the spokesman added.

Source: Kuwait News Agency