Sharjah, Seoul explore fostering economic ties

Sharjah, Seoul explore fostering economic ties

SHARJAH / WAM

The Sharjah Chamber of Commerce and Industry discussed with the Consulate-General of the Republic of South Korea in Dubai means of enhancing economic cooperation and commercial relations between companies and investment institutions operating in Sharjah and South Korea. They also discussed ways of supporting partnerships, along with investment opportunities available in information technology, healthcare, tourism, and culture. This came during a visit of Moon Byung-Jun, Consul-General of South Korea in Dubai, to the SCCI headquarters, where he was received by Mohammed Ahmed Amin Al-Awadi, Director-General of the chamber, and Fatima Khalifa Al Mokarrab, Director of International Relations Department at the chamber. Al-Awadi pointed out that the UAE is the largest market for South Korean exports in the GCC and the fourth largest market for South Korean imports in the region. noting that the volume of trade exchange between the two countries reached $9.4 billion in 2020.

While welcoming the visiting delegation, Al-Awadi underlined the depth of UAE-South Korea relations, where the latter is considered one of the most important trading partners for the UAE and the emirate of Sharjah in particular. Al-Awadi pointed out that the UAE is the largest market for South Korean exports in the GCC and