SEOUL, Oct. 4 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) have launched formal negotiations for a bilateral free trade agreement, Seoul’s industry ministry said Wednesday. The two nations agreed in 2021 to push for forging a Comprehensive Economic Partnership Agreement (CEPA), and the first round of talks kicked off in Seoul [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea and the United Arab Emirates were staging combined high-tech military drills, Seoul’s Army said Wednesday. The exercise is under way at the Korea Combat Training Center (KCTC), a facility employing cutting-edge technologies for realistic ground drills, in the northeastern county of Inje. The drills mobilized some 2,500 troops to [...]
SEOUL, May 22 (Korea Bizwire) — Business organizations of the United Arab Emirates (UAE) are currently reviewing US$2 billion worth of investment projects in South Korea, covering various sectors from energy to culture, Seoul’s finance ministry said Monday. The review came after President Yoon Suk Yeol and UAE President Mohamed bin Zayed Al Nahyan met [...]
SEOUL, Feb. 23 (Korea Bizwire) — Yanolja Co., a leading South Korean travel platform operator, said Thursday it has been tapped as the first Korean startup to join the United Arab Emirates’ startup incubator as a member. Yanolja joined the Global Unicorn Center in Dubai as a member during the World Government Summit event held [...]
SEOUL, Feb. 14 (Korea Bizwire) — SsangYong Motor Co., a South Korean SUV-focused carmaker, said Tuesday it has recently signed a deal to export 7,000 vehicles to a company in the United Arab Emirates this year. SsangYong Motor signed the export deal with Neweast General Trading Zafza (NGT) in January and agreed to expand the [...]
JEJU, Jan. 20 (Korea Bizwire) — Agricultural products from Jeju Island are being exported to the United Arab Emirates. The Jeju Business Agency said Thursday that it had recently exported US$15,000 worth of Hallabong citrus, Red Hyang tangerines and other processed foods to the UAE. Made-in-Jeju products that are being exported will be merchandised at [...]
ZURICH, Jan. 17 (Korea Bizwire) — First lady Kim Keon Hee met with a sheikha of the United Arab Emirates on Tuesday and discussed cultural exchanges between the two countries, the presidential office said. A sheikha is a female member of a ruling Arab family, according to the office. Kim met with Sheikha Latifa bint [...]
SEOUL, Jan. 17 (Korea Bizwire) — Companies from South Korea and the United Arab Emirates have signed 23 memorandums of understanding (MOUs) and a contract, worth US$6.1 billion combined, enhancing bilateral cooperation on energy, defense and new industry sectors such as hydrogen and bio, Seoul’s industry ministry said Tuesday. The signing ceremony was held Monday [...]
SEOUL, Dec. 6 (Korea Bizwire) — A South Korean-built nuclear plant was included in the design of the United Arab Emirates (UAE)’s new high-denomination banknote designed to commemorate the country’s 51st anniversary. According to a press release from the Central Bank of the UAE (CBUAE), a bird’s eye view of the four nuclear reactors at [...]
DUBAI, United Arab Emirates, Nov. 28 (Korea Bizwire) — NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world, today announced that construction on its UAE electric vehicle assembly facility in Khalifa Industrial Zone Abu Dhabi (KEZAD) is on schedule and will be completed in Q4 of [...]