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) [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korean tech giant Naver Corp. said Tuesday it has struck a deal with the Saudi Arabian government to create a digital twin platform for the country’s capital Riyadh and four other cities. Under the deal with Saudi’s Ministry of Municipal, Rural Affairs and Housing, Naver will build digital [...]
RIYADH, Oct. 22 (Korea Bizwire) — South Korea and Saudi Arabia will sign 51 deals and memorandums of understanding (MOU) worth a total of US$15.6 billion on the occasion of South Korean President Yoon Suk Yeol’s state visit to the Arab country, his office said Sunday. Most of the agreements were signed Sunday during a [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has signed a joint venture deal with Saudi Arabia’s Public Investment Fund (PIF) to build a car assembly plant in the Middle Eastern country. Under the deal signed Sunday in Riyadh, the two sides will jointly invest over US$500 [...]