Korea s chaebol leaders are expected to advance “business diplomacy,” the chief objective of President Yoon Suk Yeol during his eight-day trip to the United Arab Emirates (UAE) and Switzerland, according to market watchers, Monday. Anchoring their rosy outlook is the reiterated commitment of Yoon and his UAE counterpart to the bilateral cooperation encompassing trade, defense, energy, manufacturing, construction and smart city planning.
Korea and the United Arab Emirates (UAE) signed a total of 24 agreements worth $6.1 billion in traditional industries, such as energy and defense, as well as emerging businesses, including hydrogen, mobility, bio and digital transformation, according to the Ministry of Trade, Industry and Energy, Monday. The ministry said about 320 officials from business lobby groups, Samsung Electronics, Hyundai Motor Group and other Korean companies, who accompanied President Yoon Suk Yeol s state visit to the Middle Eastern country, held the Korea-UAE Business Forum at the Rixos Marina Abu Dhabi hotel.
HD Hyundai, Korea s largest shipbuilding conglomerate, unveiled its vision for a sustainable future at CES on Wednesday, including a future ship with advanced digital solutions using energy-saving technologies.
SK Group Chairman Chey Tae-won, and top executives of Samsung Electronics, LG Electronics, HD Hyundai and other Korean companies are expected to take part in the Consumer Electronics Show (CES) this week as they are aim to read new trends in markets and technology while seeking to expand human networks at the world s largest tech show, according to the companies, Sunday.
Heads of the nation s largest conglomerates are expected to attend the World Economic Forum (WEF) from Jan. 16 to 20 next year in Davos, Switzerland, to talk with global leaders about countermeasures against inflation, supply chain crises and geopolitical issues, according to industry officials, Monday. They are also said to be promoting Busan to the forum s participants, so that Korea s second-largest city will be selected by members of the Bureau International des Expositions (BIE) next November as the venue to host World Expo 2030.