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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

UAE Pledges to Invest $30 Billion in South Korea

South Korea UAE Yoon Sukyeol Yoon Suk Yeol Abu Dhabi United Arab Emirates
Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, receives Yoon Suk Yeol, President of South Korea and Kim Keon-hee, First Lady of South Korea, upon their arrival for a state visit reception, at Qasr Al Watan, Abu Dhabi, United Arab Emirates, January 15, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERS

The United Arab Emirates (UAE) will invest $30 billion in South Korea's industries, South Korea's presidential office said on Sunday.

The investment decision was announced as South Korea's President Yoon Suk-yeol met his UAE counterpart, Sheikh Mohammed bin Zayed al-Nahyan, in Abu Dhabi during a four-day state visit, Yoon's office said.

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