Arab Press

بالشعب و للشعب
Friday, Aug 08, 2025

UAE, Korea discuss cooperation in food security, health, technology

UAE, Korea discuss cooperation in food security, health, technology

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, discussed, with Dukguen Ahn, Minister for Trade of South Korea, ways of strengthening the bilateral economic and commercial cooperation between the UAE and South Korea in food security, health, technology, telecommunications, manufacturing and renewable energy.
Their discussion took place during the virtual "UAE-Korea Investment Business Forum" organised by the Ministry of Economy, in cooperation with the UAE Embassy in South Korea.

The event was attended by Abdullah Saif Ali Al Nuaimi, UAE Ambassador to South Korea, and Lee Seok-gu, Ambassador of South Korea to the UAE, with the participation of representatives of government agencies, the private sector, business leaders, and investors from both countries.

The value of non-oil trade between the UAE and South Korea in the first quarter of 2022 amounted to US$1.3 billion, a 19 percent increase compared to the same quarter last year, Al Zeyoudi said.

He also briefed the Korean business community about the commercial and investment initiatives launched by the UAE under the framework of the ''Projects of the 50'' and the ''UAE Centennial 2071'', as well as its attractive economic environment, in addition to the comprehensive advancements to its economic legislation, which now allows 100 percent foreign ownership of companies, its flexible tax policy that does not include income taxes, and its new procedures for starting a business, consolidating the country’s position as a global trade and investment centre.

Ahn said South Korea and the UAE enjoy a distinguished level of bilateral cooperation in economic and commercial sectors, most notably in energy and infrastructure, which has helped increase annual growth in the trade and investment exchange between the two countries.

He then highlighted their governments’ keenness to enhance their future cooperation and promote mutual investments.

Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million while re-exports to the country also increased by 48 percent, reaching $428 million in 2021, compared to $289 million in 2020.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
×