SEOUL, Feb. 8 (Korea Bizwire) — Samsung Engineering Co., a major South Korean industrial plant builder, said Thursday that its joint venture secured a US$ 3.1 billion deal to upgrade an oil refinery in the United Arab Emirates. Under the deal with the Abu Dhabi National Oil Company (ADNOC), Samsung and Netherlands-based CB&I will introduce [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) discussed ways to step up nuclear cooperation as the Middle Eastern nation’s first nuclear reactor is set to start operations later this year, Seoul’s energy ministry said Tuesday. Paik Un-gyu, South Korean minister of trade, industry and energy, met with Khaldoon [...]
SEOUL, Jan. 3 (Korea Bizwire) — The United Arab Emirates (UAE) purchased a net 967 billion won (US$908.6 million) worth of South Korean stocks last November, raising its holdings of local equity by 7.8 percent from a month earlier, data showed Wednesday. The UAE, which held 9.4 trillion won worth of South Korean stocks at [...]
SEOUL, April 26 (Korea Bizwire) – CJ Logistics Corp., a unit of South Korean food and entertainment conglomerate CJ Group, said Wednesday it has acquired two logistics companies based in India and the United Arab Emirates (UAE) as part of efforts to tap deeper into overseas markets. The Korean company has signed a deal to [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea will host a medical tourism exhibition in the United Arab Emirates (UAE) to lure more Middle Eastern patients in need of advanced treatment, the state-run tourism agency said Monday. The Korea Tourism Organization (KTO) and the Ministry of Culture, Sports and Tourism will co-host the “Korea International [...]
SEOUL, Nov. 1 (Korea Bizwire) – Kooksoondang Brewery Co. said Tuesday it has struck a deal to export Korean traditional liquors to the United Arab Emirates (UAE), tapping into the Middle Eastern market for the first time. The Korean brewer signed a deal with Spinneys Abu Dhabi LLC to export five kinds of liquors, including [...]
SEOUL, Sept. 22 (Korea Bizwire) – South Korea and the United Arab Emirates (UAE) agreed on a visa-waiver program that will allow people to travel to each other’s country without a visa for up to three months, the foreign ministry said Thursday. A memorandum of understanding on the visa waiver was signed at a meeting [...]
SEOUL, June 3 (Korea Bizwire) – Cheil General Hospital revealed Friday that it has signed an agreement with Al Garhoud Private Hospital in Dubai to open a local fertility clinic. Although the UAE has a long history of cooperation with Korean medical institutions, it’s the first time that the two countries collaborate in the field [...]
SEOUL, Nov.27 (Korea Bizwire) – Five Korean food companies, including Seoul Milk and Punggi Ginseng Cooperative, have passed halal certification in the United Arab Emirates (UAE). The achievement marked the first time that Korean food companies passed the evaluation and received halal certification. According to the Korean embassy in the UAE, the companies applied for [...]
SEOUL, Nov.18 (Korea Bizwire) – Dr. Chung’s Foods announced that it will be exporting 100,000 packs of eight different types of Vegemil soymilk, which are halal assured, to the United Arab Emirates (UAE). The exports are the result of an agreement with 1004 Mart, the largest Korean supermarket in the Middle East. Prior to the [...]