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Thursday, November 30, 2023

South Korean President on a Visit to UAE

The visit is the first by a South Korean leader since the two countries established diplomatic ties in 1980.

Yoon Suk Yeol; the South Korean President is set to arrive in Abu Dhabi on a state official visit. The visit is the first by a South Korean leader since the two countries established diplomatic ties in 1980, and meet with UAE President Mohamed bin Zayed Al Nahyan.

During his four-day tour, he will also visit the Akh unit, a South Korean military contingent, and the Barakah nuclear power plant built by South Korea, a symbolic measure reaffirming his commitment to scrapping the nuclear phaseout policy of his predecessor Moon Jae-in, the South Korean news agencies reported.

President Yoon Suk Yeol departed for the United Arab Emirates on Saturday as part of a two-nation swing focused on promoting South Korean exports especially in energy and arms.

The two sides are reportedly in the final stages of concluding around 30 memorandums of understanding involving the governments and the private sector, with energy, arms and investment among the key areas of cooperation.

A senior presidential official said an announcement is planned for a deal to export South Korean arms to the UAE.Yoon will also be accompanied by a business delegation made up of officials from some 100 South Korean companies, supporting their expansion into the UAE and discussing possibilities for cooperation with UAE sovereign wealth funds.

On Thursday, the president will give a special address to the forum on ways the international community can work together to overcome the global economic crisis.He will present ideas for international cooperation and solidarity for the strengthening of supply chains, the transition to clean energy and the construction of a digital order, while also stating South Korea’s role and commitment to achieving those goals.

Yoon will visit the Swiss Federal Institute of Technology in Zurich the same day to meet with scholars and discuss cooperation in science and technology, and will return back on Saturday.

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