Moon, Saudi crown prince agree to expand bilateral ties

President Moon Jae-in greets Saudi Crown Prince Mohammed bin Salman at Cheong Wa Dae, Wednesday. AP-Yonhap

By Kim Yoo-chul

President Moon Jae-in and Saudi Arabian Crown Prince Mohammed bin Salman have agreed to expand economic cooperation and bilateral ties, Cheong Wa Dae said Wednesday.

“Saudi Arabia is the largest oil supplier to South Korea and it is also South Korea’s top trading partner in the Middle East,” Moon said at the start of his meeting with the prince, according to Cheong Wa Dae press pool reports.

“South Korea is on a stage to further level up bilateral ties with Saudi Arabia beyond defense industries. The two countries are expanding cooperation into areas of healthcare, education and information technology.”

It was the Saudi prince’s first trip to South Korea and the first by a Saudi crown prince since 1998, the presidential office said.

The prince thanked Moon for his efforts to maintain a “strategic partnership” and said Saudi Arabia would apply “more measures” to boost bilateral trade.

After their meeting, Moon held an official lunch for the prince. Samsung Vice Chairman Lee Jae-yong, Hyundai Motor Group Executive Vice Chairman Chung Eui-sun and other owners of the country’s top conglomerates attended.


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