SEOUL, Oct. 1 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has signed an initial pact with a Saudi Arabian foundation for cooperation in a smart city project. The South Korean automotive group and Misk Foundation signed a memorandum of understanding (MOU) for a partnership in a Saudi Arabian smart city project and to [...]
SEOUL, Sept. 13 (Korea Bizwire) – Naver, the South Korean internet giant, is set to collaborate with Saudi Arabia’s Data and Artificial Intelligence Authority (SDAIA) to develop a large language model (LLM) based on Arabic, marking a significant step in the company’s Middle Eastern expansion strategy. On September 10, during the three-day Global AI Summit conference [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it has discussed ways to broaden economic exchanges with Saudi Arabia, pledging to work closely toward the prompt implementation of a free trade pact between Seoul and the Gulf Cooperation Council (GCC). Industry Minister Ahn Duk-geun met with his Saudi counterpart, Majid bin [...]
SEOUL, May 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it will build its first overseas water-desalination device plant in Saudi Arabia by 2026 under a joint project with a local company. LG Chem has partnered with Alkhorayef Group, a leading Saudi Arabian conglomerate specializing in water, energy and [...]
SEOUL, Apr. 3 (Korea Bizwire) — Samsung E&A Co. and GS Engineering & Construction Corp. (GS E&C) have won a combined US$7.2 billion deal to expand a gas plant in Saudi Arabia, the biggest order for South Korean companies in the Middle Eastern country, the presidential office said Wednesday. The Fadhili Gas Increment Program is [...]
UIJONGBU, Mar. 11 (Korea Bizwire) – In a testament to courage and endurance, a firefighter from the Namyangju Fire Station in South Korea’s Gyeonggi Province has secured a gold medal at an international competition that tests the physical limits of firefighters worldwide. The event, known for its grueling challenges, was held in Dhahran, Saudi Arabia. The [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hanwha Group, a South Korean energy-to-defense conglomerate, said Sunday its affiliates were set to showcase key weapons technologies at a global defense fair in Saudi Arabia this week. Hanwha, which has defense industry affiliates, including Hanwha Aerospace and Hanwha Ocean, under its wing, said its arms technologies will be [...]
SEOUL, Jan. 31 (Korea Bizwire) — With his voice hoarse and having the look of an emotionally exhausted man, South Korea head coach Jurgen Klinsmann said he was “very, very proud” of his team for rallying past Saudi Arabia at the Asian Football Confederation (AFC) Asian Cup in Qatar on Tuesday. Trailing 1-0 with the [...]
SEOUL, Dec. 14 (Korea Bizwire) — Saudi Arabia is open to partnering with South Korea in joint mine investments in third countries to help Seoul strengthen its supply chain resilience involving rare earth minerals, a senior Riyadh official said Thursday. In an interview with Yonhap News Agency held in Seoul, Bandar Alkhorayef, Saudi minister of [...]
SEOUL, BUSAN & PARIS, Nov. 29 (Korea Bizwire) –Following Busan’s unsuccessful bid for the 2030 World Expo, Busan National University Professor Kim Yi-tae, an advisor to the Busan Expo Hosting Committee, has claimed that vote buying occurred. Kim made this revelation during a press conference held on the sidelines of the International Expositions Bureau (BIE) [...]