President Yoon and Entrepreneurs to Visit the UAE

South Korean President Yoon Suk-yeol is scheduled to visit the UAE this week. Samsung Electronics chairman Lee Jae-yong, Hyundai Motor Group chairman Chung Eui-sun, SK Group chairman Chey Tae-won and Hyosung Group chairman Cho Hyun-joon are scheduled to accompany him.

According to the Korea International Trade Association, the delegation also includes 24 large corporations, 69 smaller companies and seven economic organizations and associations.

The delegation and the UAE are expected to seek more joint business opportunities in the industries including construction, energy and information and communications technology. At present, the UAE is building Masdar City as a smart city in Abu Dhabi by investing US$18 billion. The opportunities are expected to be related to this project as well.

The president and the chairpersons are scheduled to join the World Economic Forum in Davos, Switzerland after the visit.