Abu Dhabi: UAE and South Korea join hands to stabilize global energy market. South Korean President Yoon Suk Yeol, who came to the UAE, said that when the UAE’s experiences and Korea’s expertise come together, it will become a global model of excellence.
He said that the benefits of this will also be available to the countries of the world. Agreements were signed to strengthen cooperation in nuclear power, energy, investment, defense, industry, economy, climate, smart farms, science and technology, future industry, healthcare and many other areas.
An agreement was reached in this regard during a discussion held by Yoon with UAE President Sheikh Mohammed bin Zayed Al Nahyan, who arrived in the UAE for a visit on Thursday. Bilateral relations between the two countries and regional and international issues were discussed. Yoon expressed South Korea’s support for a climate summit in the UAE later this year.
South Korea, which has partnered with the UAE’s Barakah nuclear power plant, has also agreed to extend cooperation to key areas including renewable energy, hydrogen, carbon capture, utilization and storage. He said relations with the UAE and other Gulf countries are crucial for South Korea’s energy security, with 50 percent of its oil imports coming from the Gulf.
It also indicated that negotiations on a Free Trade Agreement (FTA) with the GCC are progressing. Ministers, senior officials and 100 businessmen are accompanying the President.
