Korea, UAE agree to expand partnership in investment forum
South Korea and the United Arab Emirates (UAE) agreed Wednesday to expand partnerships in cutting-edge sectors, from digital assets to games and autonomous driving, at a forum hosted by the Middle Eastern country's investment office. Organizations of the UAE government and South Korean companies signed in total seven memorandums of understanding (MOU) at the Abu Dhabi Investment Forum Seoul 2026,…
South Korea and the United Arab Emirates (UAE) reached an agreement on Wednesday to enhance their partnerships in advanced fields such as digital assets, gaming, and autonomous driving, according to a statement from the Middle Eastern nation's investment office. The Abu Dhabi Investment Forum Seoul 2026, or ADIF Seoul, took place in southern Seoul, and organizations from both countries signed seven memorandums of understanding (MOU) during the event.
The Abu Dhabi Investment Office (ADIO), a government entity responsible for attracting foreign investment in the UAE, hosted the forum, which is a first for them to hold such an event in South Korea. Local companies that signed MOUs include Hanwha Life Insurance Co. and Kakao Mobility, the taxi-hailing platform owned by Kakao Corp. Second Vice Science Minister Ryu Jae-Myung attended the event and expressed South Korea's eagerness to establish investment and industry collaboration in digital and emerging sectors.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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