Business Minister Kim Jung-kwan, left, speaks with the United Arab Emirates’ Business Minister Sultan Al Jaber, heart, of their assembly in Abu Dhabi, Nov. 18. Courtesy of Ministry of Commerce, Business and Power
Korean Business Minister Kim Jung-kwan met along with his United Arab Emirates (UAE) counterpart Thursday to debate increasing cooperation within the synthetic intelligence (AI) and vitality sectors, Kim’s workplace stated.
Kim met with the UAE Business Minister Sultan Al Jaber in Seoul to debate follow-up measures to the leaders’ summit between the 2 international locations held in Abu Dhabi in November, in line with the Ministry of Commerce, Business and Assets.
Throughout the summit, Korean President Lee Jae Myung and UAE President Mohamed bin Zayed Al Nahyan agreed to hitch fingers for the UAE’s Stargate undertaking, centered on establishing AI computing and cloud infrastructure within the Center Jap nation.
Kim stated Seoul can play a job within the undertaking with its capabilities within the semiconductor, information heart, engineering and development sectors, in line with the ministry.
The 2 sides agreed to broaden cooperation within the vitality sector, noting that the bilateral commerce of oil and fuel is a core pillar of financial cooperation between Korea and the UAE.
The ministers additionally mentioned increasing the joint oil stockpiling quantity between the international locations, noting the 13-year-old undertaking has contributed to stabilizing the 2 nations’ vitality provide chain, the ministry stated.
In the meantime, Local weather Minister Kim Sung-hwan additionally met with Al Jaber on Thursday to debate vitality cooperation between Seoul and Abu Dhabi.
Within the assembly, Kim proposed offering Korea’s low-carbon electrical energy infrastructure applied sciences, reminiscent of energy grids and vitality storage methods, for UAE’s Stargate undertaking, in line with the Ministry of Local weather, Power and Atmosphere.
In addition they mentioned making a joint vitality discussion board as a part of efforts to assist the worldwide group obtain its objective of tripling the worldwide renewable vitality capability by 2030, the ministry stated.
