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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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29-11-2023 06:58:40 (UTC+7)

EUR/USD

1.1004

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EUR/USD

1.1004

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USD/JPY

147.07

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AUD/USD

0.6655

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161.84

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EUR/CHF

0.9651

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DAX

15,992.67

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7,455.24

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Hang Seng

17,383.50

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1,792.55

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10,003.40

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42.705

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 EUR/USD1.1004↑ Buy
 GBP/USD1.2712↑ Buy
 USD/JPY147.07↑ Sell
 AUD/USD0.6655Sell
 USD/CAD1.3566Sell
 EUR/JPY161.84↑ Sell
 EUR/CHF0.9651↑ Buy
 Gold2,045.05↑ Buy
 Silver25.105↑ Buy
 Copper3.8502↑ Buy
 Crude Oil WTI76.65↑ Buy
 Brent Oil81.47Sell
 Natural Gas2.797Neutral
 US Coffee C172.53↑ Sell
 Euro Stoxx 504,347.25↑ Buy
 S&P 5004,554.89↑ Buy
 DAX15,992.67Buy
 FTSE 1007,455.24↑ Sell
 Hang Seng17,383.50Buy
 Small Cap 20001,792.55Sell
 IBEX 3510,003.40↑ Sell
 BASF42.705Sell
 Bayer30.56↑ Sell
 Allianz230.55↑ Buy
 Adidas186.66Sell
 Lufthansa7.787↑ Sell
 Siemens AG151.42↑ Buy
 Deutsche Bank AG11.090↑ Buy
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