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UAE pledges to invest $30 billion in South Korea -Yoon's office

16 Tháng Giêng 2023

SEOUL (Reuters) - The United Arab Emirates (UAE) has decided to invest $30 billion in South Korea's industries, South Korea's presidential office said on Sunday, as the two countries seek to expand economic cooperation.

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.

"We have decided a $30 billion investment based on the trust on South Korea which keeps promises under any circumstances," Yoon's office quoted the UAE president as saying.

Details of the investment plan were not immediately known but Yoon's press secretary, Kim Eun-hye, said in a statement the investment will be directed at nuclear power, defence, hydrogen and solar energy industries, among others.

Seoul's finance ministry said the $30 billion investment would be led by sovereign wealth funds, including Mubadala Investment Company.

At their summit, the two countries also signed 13 memorandums of understanding, including an agreement between the state-run Korea Development Bank and the Abu Dhabi state fund Mubadala to cooperate for investment in South Korean companies.

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27-09-2023 14:27:30 (UTC+7)

EUR/USD

1.0572

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EUR/USD

1.0572

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149.03

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AUD/USD

0.6382

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EUR/JPY

157.54

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0.9679

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DAX

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FTSE 100

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17,587.00

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US Small Cap 2000

1,760.15

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IBEX 35

9,388.09

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42.040

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45.88

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228.03

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160.07

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 EUR/USD1.0572↑ Buy
 GBP/USD1.2150↑ Buy
 USD/JPY149.03↑ Sell
 AUD/USD0.6382↑ Buy
 USD/CAD1.3523↑ Buy
 EUR/JPY157.54↑ Buy
 EUR/CHF0.9679↑ Sell
 Gold1,915.75↑ Buy
 Silver23.062Neutral
 Copper3.6475↑ Buy
 Crude Oil WTI91.15↑ Sell
 Brent Oil92.89↑ Sell
 Natural Gas2.882Neutral
 US Coffee C150.15↑ Sell
 Euro Stoxx 504,141.35↑ Buy
 S&P 5004,273.53Neutral
 DAX15,250.45Neutral
 FTSE 1007,623.40↑ Sell
 Hang Seng17,587.00↑ Sell
 Small Cap 20001,760.15↑ Sell
 IBEX 359,388.09↑ Buy
 BASF42.040Buy
 Bayer45.88Buy
 Allianz228.03↑ Sell
 Adidas160.07↑ Buy
 Lufthansa7.588↑ Sell
 Siemens AG131.00↑ Buy
 Deutsche Bank AG10.192Neutral
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