Saudi power and electricity companies team up with Korea’s KEPCO to produce sustainable energy
South Korea
Latest in South Korea
India
India’s JSW Group teams up with South Korea’s Posco for major steel plant investment
The MoU was signed at JSW’s headquarters in Mumbai
automobile industry
India’s largest IPO disappoints on listing; fails to give gains on opening day
Hyundai Motor India shares listed on bourses on Tuesday at a 1.5% discount to their issue price of INR 1,960
automobile industry
Hyundai hopes to raise $3.3bn in India’s biggest-ever IPO
South Korean automaker offering 17.5% stake in its India unit, making it the second biggest IPO this year worldwide
GCC travellers
In pictures: 10 reasons why South Korea is the leading family destination for GCC travellers
The country’s allure has proven effective amongst a wide spectrum of travellers, especially from Saudi Arabia; the fastest-growing outbound market in the GCC for Korean tourism.
Abu Dhabi
Bayanat JV with Korea’s Autonomous a2z to drive autonomous systems
The autonomous systems developed by the JV, announced in Abu Dhabi during DRIFTx, will connect major inner-city hubs
isolation
Pet rocks: Is the viral South Korea trend a cure for loneliness? Experts weigh in
The trend of young South Koreans keeping “pet rocks” has resurged as a way to cope with rising loneliness and burnout, but experts say genuine human interaction is needed for mental well-being over such substitutes
cepa
UAE and Korean Presidents witness the signing of CEPA agreement
Several MoUs and LoIs signed during Sheikh Mohamed’s first State visit, including ADNOC L&S’ 10-vessel order worth $2.56 billion
Sheikh Mohamed bin Zayed Al Nahyan
UAE President meets Korean businesses and KOSPI reacts positively
As Sheikh Mohamed bin Zayed Al Nahyan makes first-ever State visit to Korea, energy and defence stocks jump in anticipation
Sheikh Mohamed bin Zayed Al Nahyan
UAE President arrives in Republic of Korea on state visit
The visit follows an invitation from the South Korean President Yoon Suk Yeol
Austria
UAE passport ranks as world’s strongest
The UAE passport offers citizens visa-free access to over 180 countries globally
Aviation
Abu Dhabi’s Sanad lands $145m Asiana Airlines contract
Abu Dhabi-backed aerospace firm Sanad extends contract with Asiana Airlines
free trade agreement
GCC signs free trade deal with South Korea, looks to boost $103bn ties
GCC and South Korea sign Free Trade Agreement in bid to boost economies
Bilateral Agreement
Saudi Arabia, South Korea sign 52 agreements at bilateral investment forum meet
The agreements are aimed at enhancing investments between Saudi Arabia and South Korea
car industry
Saudi Arabia’s PIF and Hyundai to build $500m car plant in Kingdom
Saudi wealth fund and Korean motoring giant to manufacture 50,000 vehicles a year in the Kingdom
cepa
UAE to sign 6 CEPA trade deals before end of year
The UAE is on the brink of signing six major foreign trade deals before the end of the year
Android smartphone
Samsung’s premium flagship devices Galaxy Z Fold 5, Flip 5 to be made in India
The Korean handset maker is expected commence pre-booking for the devices from midnight of July 27