ABU DHABI — President Lee Jae Myung expressed his hope for stronger bilateral financial cooperation with the United Arab Emirates, saying that the nation might play a job as a “base camp” for South Korea’s efforts to forge and strengthen its financial footholds within the Center East.
Lee made the remarks throughout a gathering with Korean residents within the UAE after he arrived within the nation earlier within the day for a three-day state go to. He’s set to have summit talks with UAE President Mohamed bin Zayed Al Nahyan on Tuesday.
“As we have to make our (financial) inroads into Africa, Europe and the Center East, the UAE might play a job as a base camp (for South Korea) within the Center East,” he mentioned. “With the 2 international locations becoming a member of arms, we are going to certainly open a brand new path for shared prosperity.”
Lee mentioned that the bilateral relationship ought to transcend that of “brotherly nations” to grow to be an “financial group” through which the 2 nations work collectively on analysis and manufacturing and make financial inroads collectively into third-country markets.
The president identified that the 2 international locations have commonalities, on condition that they’re surrounded by highly effective neighboring international locations, with their geographical places having enabled them to play a job as a “bridge” amongst nations. Additionally they have made financial developments regardless of difficulties, he added.
Lee mentioned that South Korea has grown right into a democratic and economically profitable nation, whereas the UAE has moved past being an oil-rich financial system by investing in renewable power, nuclear energy, and superior applied sciences.
“If the way forward for Korea and the UAE merges right into a single imaginative and prescient, it’ll create monumental synergy and open a wholly new path,” he mentioned.
Lee additionally highlighted the rising recognition of Korean tradition within the UAE — not solely in music, dramas, and movies, but additionally in meals, magnificence, and medical companies.
“I consider Korean tradition has immense potential,” he mentioned. “I count on it to unfold globally by means of the UAE, extending into Africa, the Arab world and past.”
