South Korea secures $30 billion UAE funding and vows to assist shore up provide chains at WEF

South Korea secures  billion UAE funding and vows to assist shore up provide chains at WEF



Hong Kong/Seoul
CNN
 — 

South Korea’s chief is capping off a whirlwind week, after securing tens of billions of {dollars} in funding from the Middle East and vowing to have his nation play a extra vital position in revitalizing worldwide provide chains.

On Monday, South Korean President Yoon Suk Yeol introduced that the United Arab Emirates had pledged a staggering $30 billion in funding within the Asian nation.

The information got here after the leaders of the 2 nations held talks in Abu Dhabi on Sunday, in a landmark journey that marked the first-ever state go to to the UAE by a South Korean president, based on a press release from Yoon’s workplace.

The funding goals to extend cooperation within the fields of nuclear, hydrogen and photo voltaic power, in addition to protection, together with an settlement to type a “special strategic partnership” on the highest stage, the assertion stated.

2023-01-20 03:48:55 South Korea secures $30 billion UAE funding and vows to assist shore up provide chains at WEF
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