South Korea, Saudi to boost ties on energy, defense; $30bn in deals signed

SEOUL, 18 November 2022, (TON): South Korean and Saudi Arabian leaders pledged stronger ties on Thursday in the fields of energy, defense industry and building projects, as the Kingdom signed investment agreements worth $30 billion with South Korean companies.

South Korean President Yoon Suk-yeol told Saudi Arabia’s Crown Prince Mohammed bin Salman he hoped the two nations can expand cooperation, calling the Kingdom a key partner for its economy and energy security.

Yoon held talks in Seoul with Prince Mohammed, who arrived from Bali, Indonesia, where he had participated in a conference of the Group of 20 major economies.

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