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Trump pushes for Kim Jong-un meeting this year, WSJ reports

U.S. President Donald Trump is pushing aides for a meeting as soon as this fall with North Korean leader Kim Jong-un, the Wall Street Journal reported on Tuesday, citing U.S. officials. Trump has privately discussed setting up an in-person discussion with Kim during Trump's next trip to Asia, which could happen in November for the Asia-Pacific Economic Cooperation in Shenzhen, China, the Journal…

koreatimes.co.kr ·

Trump pushes for Kim Jong-un meeting this year, WSJ reports

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The Korea Eximbank said on Sunday it will provide $1.2 billion in financing to Saudi Power Company, a state-run electricity provider in Saudi Arabia, to help Korean companies expand their presence in the Middle Eastern country. The loan, guaranteed by the Saudi government, is the largest single financing deal for a Korean company in the Middle East since 2016, the bank said. The funds will be used for the construction of a 2,400-megawatt power plant in the city of Sudair, about 100 kilometers northwest of the capital Riyadh. The project, worth $2.4 billion, is being led by Korea Electric Power Corp., or Kepco, which is working with Saudi Arabia's Acwa Power. Eximbank said it expects the deal to create business opportunities for Korean companies, including construction and equipment supply. The deal comes as Korea is seeking to strengthen economic ties with Saudi Arabia under a $30 billion economic cooperation program launched in 2022. The two countries agreed to expand cooperation in areas such as energy, infrastructure and defense. Eximbank has provided a total of $4.7 billion in financing for projects in Saudi Arabia since 2010. The bank said it will continue to support Korean companies doing business in Saudi Arabia. The deal was signed in Riyadh on Sunday by Eximbank's president, Yoon Hwan-jong, and Saudi Finance Minister Mohammed Al-Jadaan. The two sides also agreed to discuss ways to further expand economic cooperation between the two countries.

·hani.co.kr

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