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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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02-06-2023 11:12:51 (UTC+7)

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 EUR/USD1.0766↑ Sell
 GBP/USD1.2536↑ Sell
 USD/JPY138.81Neutral
 AUD/USD0.6612Neutral
 USD/CAD1.3430Neutral
 EUR/JPY149.45↑ Sell
 EUR/CHF0.9739Neutral
 Gold1,998.65↑ Sell
 Silver24.052↑ Sell
 Copper3.7355Sell
 Crude Oil WTI70.51↑ Sell
 Brent Oil74.72↑ Sell
 Natural Gas2.170↑ Sell
 US Coffee C183.95Sell
 Euro Stoxx 504,257.61Neutral
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 DAX15,853.66↑ Buy
 FTSE 1007,490.27↑ Sell
 Hang Seng18,854.00Sell
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 Allianz204.20↑ Buy
 Adidas150.74↑ Buy
 Lufthansa9.157↑ Sell
 Siemens AG156.68Neutral
 Deutsche Bank AG9.578Neutral
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Cập nhật lúc 11:06:53 02/06/2023
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