Riyadh, Saudi Arabia— Saudi Arabia and South Korea have pledged to strengthen cooperation in various fields.
According to a press statement released by the office of South Korea’s President Yoon Suk Yeol, the boosting of ties between the two countries was discussed in a telephone call between the president and Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman.
The two leaders praised the progress of cooperation that has been made in a wide range of areas since the crown prince’s visit to South Korea last year.
They also agreed to strengthen exchanges and cooperation in economy and various other fields, according to the presidential office.
The Saudi Crown Prince visited South Korea on November 17 last year. He met with Yoon as well as major political and business figures, including Lee Jae-yong, chairman of Samsung Electronics, SK Group Chairman Chey Tae-won and Euisun Chung, chairman of Hyundai Motor Group, during his 20-hour stay.
During their meeting, Yoon and Prince Mohammed agreed to strengthen cooperation in the fields of energy, defense, and infrastructure and construction.
The combined scale of contracts and memorandums of understanding (MOUs) that South Korean firms signed with the Saudi Arabian government, businesses and institutions on the occasion of the crown prince’s visit is estimated at $30 billion.