SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s state-run oil company said Friday it is inspecting the readiness of local storage facilities to prepare for a potential release of reserves should the ongoing Middle East crisis escalate. “If the crisis escalates, including a scenario of the war expanding to other parts of the Middle East, [...]
SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Motor Group on Friday unveiled a goal to sell over 550,000 vehicles annually in the Middle East by 2030, with the aim of acquiring a 20 percent share of the regional market. The group said in its newly announced mid- to long-term business vision for the Middle East [...]
SEOUL, June 12 (Korea Bizwire) — In a bid to foster cultural exchanges and introduce Korean arts to the local communities, a series of captivating “hallyu” (Korean wave) cultural events unfolded in the heart of the Middle East, specifically the United Arab Emirates (UAE) and Oman. The Embassy of the Republic of Korea in Oman, [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea’s imports of crude oil from the Middle East increased sharply this year amid the international ban on imports of Russian oil, data showed Wednesday. The share of Middle East in the nation’s crude imports stood at 67.1 percent in the first ten months of this year, up [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea on Friday launched a council involving both government and private sectors meant to jointly seek ways to promote corporate advancement into the Middle East, the industry ministry said. The council on the Korea-Middle East economic and trade cooperation will discuss how to actively participate in various projects [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea will dispatch troops to the Strait of Hormuz by expanding operational areas of its anti-piracy unit deployed nearby to help protect its vessels passing through the strategic waterway, the defense ministry announced Tuesday. The forces, however, will not join a U.S.-led coalition, but conduct independent operations, the [...]
SEOUL, Jan. 18 (Korea Bizwire) — The Korea Communications Commission has announced the results of an Internet survey conducted last year to look into the response to Korean dramas in Turkey and three other countries in the Middle East – Saudi Arabia, Jordan and the United Arab Emirates. The study was based on 27 Korean [...]
SEOUL, May 30 (Korea Bizwire) — Middle Eastern tourists were the biggest spenders among foreigners who visited South Korea last year, with their average per capita spending reaching US$2,231.70, a local poll showed Wednesday. According to the 2017 International Visitor Survey conducted by the Ministry of Culture, Sports and Tourism, the figure is down from [...]
SAN JOSE, Calif., May 17 (Korea Bizwire) — Skybox™ Security, a global leader in cybersecurity management, announced today a new partnership with Exclusive Networks for distribution of Skybox solutions in the Middle East, including the Gulf Cooperation Council (GCC) region and Egypt. Exclusive Networks will deploy and service the Skybox™ Security Suite, a broad security management [...]
SEOUL, Feb. 19 (Korea Bizwire) — Young tourists from the United Arab Emirates (UAE) and Saudi Arabia are most interested in tour programs featuring Korean pop content in South Korea, a report showed Sunday. According to the report conducted by local consulting firm Evermint Partners Co. and released by the Korea Tourism Organization, the so-called [...]