UAE pledges to invest $30b in South Korea, led by wealth funds including Mubadala

UAE pledges to invest $30b in South Korea, led by wealth funds including Mubadala

Yoon Suk Yeol, President of South Korea and Kim Keon-hee, First Lady of South Korea, greet school children upon their arrival for a state visit reception, at Qasr Al Watan, Abu Dhabi, United Arab Emirates, January 15, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERS

Reuters

15 January, 2023

The United Arab Emirates (UAE) has decided to invest $30 billion in South Korea’s industries, South Korea’s presidential office said on Sunday, as the two countries seek to expand economic cooperation.

Korea Development BankMubadalaYoon Suk-yeol

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