LOS ANGELES, Jul. 22 (Korea Bizwire) — Virgin Hyperloop One, the only hyperloop company in the world to successfully test its hyperloop technology at scale, today announced a development partnership with the Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification hyperloop track, as well as [...]
SEOUL, Jul. 15 (Korea Bizwire) — K-pop super band BTS will perform solo concert in Saudi Arabia in October, becoming the first non-Saudi Arabian artists to perform at a stadium in the country, its management agency has said. BTS announced the Saudi Arabian leg of their ongoing “Love Yourself: Speak Yourself” world tour on Sunday, [...]
SEOUL, Jun. 26 (Korea Bizwire) — President Moon Jae-in and Crown Prince Mohammed bin Salman of Saudi Arabia agreed Wednesday to expand the scope of their countries’ cooperation into diverse fields and bolster bilateral ties. Moon held a one-on-one meeting with Prince Mohammed at the presidential office Cheong Wa Dae, followed by a ceremony to [...]
SEOUL, Jun. 26 (Korea Bizwire) — S-Oil Corp., a major refiner in South Korea owned by Saudi Aramco, said Wednesday it has completed the construction of petrochemical production facilities in South Korea, which will help further raise its presence in the non-refining business field. In 2015, S-Oil, the third-largest refining firm in the country, started [...]
SEOUL, Apr. 3 (Korea Bizwire) — South Korea’s industry minister held a meeting with his Saudi Arabian counterpart on Wednesday to discuss ways to expand economic cooperation between the two countries, especially in the energy sector. Industry Minister Sung Yun-mo met Mohammad Al-Tuwaijri, the Saudi Arabian minister of economy and planning, in Seoul. The two [...]
DAEJEON, Apr. 2 (Korea Bizwire) — South Korea will participate in a project to establish an ecosystem for intellectual property led by the Saudi Arabian government aiming to achieve its national goal of ‘Vision 2030’. Park Won-joo, Korean Intellectual Property Office (KIPO) Commissioner, and Mohammed Al-Swailem, the CEO of Saudi Authority for Intellectual Property, met [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Thursday it has launched its “#whatsnext” marketing campaign in Saudi Arabia following the Islamic country’s decision to allow women to drive cars. Saudi Arabia allowed women to drive cars for the first time on June 24. Hyundai said it released a [...]
SEOUL, Jul. 16 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Monday its beauty brand is set to open a store in Saudi Arabia next week as the retailer moves to expand its presence in the overseas market. In November, the Korean firm signed an agreement with the kingdom’s major retail [...]
RIYADH, N.Y. and STOCKHOLM, Sweden, Dec. 4 (Korea Bizwire) — The Saudi Stock Exchange (Tadawul) and Nasdaq have officially signed an agreement to transform Tadawul’s post-trade technology infrastructure, which includes registry, depository and risk management technologies. In addition to the post-trade area, Nasdaq will continue to support the existing trading and market surveillance technology at Tadawul. The [...]
SEOUL, May 17 (Korea Bizwire) – SsangYong Motor Co., the South Korean unit of India’s automaker Mahindra & Mahindra Ltd., said Wednesday it has reentered Saudi Arabia after a four-year absence, as part of its efforts to expand into the Middle East market. The sport utility vehicle-centered carmaker withdrew from the oil rich country in [...]