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Saudi Arabia and South Korea: A fruitful and enduring partnership

Saudi Arabian Crown Prince Mohammed bin Salman, left, with South Korean President Yoon Suk-yeol in Seoul on Nov. 17, 2022. (South Korean Presidential Office/Yonhap via AP)
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Updated 18 November 2022
Arab News
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Saudi Arabia and South Korea: A fruitful and enduring partnership

  • Crown Prince Mohammed bin Salman accompanied by high-level delegation including ministers of energy, interior, national guard and foreign affairs
  • With 40 shared projects, South Korea is among the countries cooperating with the Kingdom to help achieve the aims of Vision 2030
Updated 18 November 2022
Arab News

RIYADH: The arrival of Saudi Arabia’s Crown Prince Mohammed bin Salman in Seoul on an official visit to South Korea has underscored the depth of the bilateral relationship 60 years after the two countries established diplomatic ties.

The crown prince and South Korean President Yoon Suk-yeol held talks on Thursday, during which they both pledged to strengthen relations in the fields of energy, defense industry and building projects.

Clearly, relations between the two G20 members have come a long way since 1962, when Saudi Arabia forged formal ties with the Republic of South Korea during the reign of King Saud bin Abdulaziz Al-Saud and the presidency of Park Chung-hee.

South Korea opened its embassy in Saudi Arabia in 1973, while the Kingdom’s diplomatic mission in Seoul opened the following year.




South Korea’s Prime Minister Han Duck-soo, left, welcoming Saudi Crown Prince Mohammed bin Salman in Seoul. (Saudi Royal Palace)

The partnership assumed a strategic dimension in 2016 when the Saudi crown prince held talks with then-South Korean President Park Geun-hye, on the sidelines of the G20 Leaders’ Summit in Hangzhou, China.

The two leaders acknowledged the need to activate the work of the Saudi-Korean Joint Committee to enhance cooperation in various fields and encourage stronger trade relations. The committee was established more than 40 years ago to strengthen relations and common interests.

In 2017, the two countries launched the Saudi-Korean Vision 2030, forming a joint committee of representatives from relevant government agencies to review the partnership, approve projects, and implement plans.

Vision 2030 is Saudi Arabia’s social reform and economic diversification agenda, launched in 2016 to help wean the Kingdom’s economy off hydrocarbons and to promote youth and women’s participation in new sectors, from leisure and tourism to renewable energy.

South Korea is among eight countries cooperating with the Kingdom to help achieve the aims of Vision 2030, working on 40 shared projects and initiatives.

INNUMBERS

• 60 years since Saudi Arabia and South Korea established formal ties

• $26,506m volume of trade between the countries in 2021

• 132 South Korean investments in Saudi Arabia valued at $3.66 billion

These projects are divided into five sub-groups: energy and industrialization; infrastructure and smart infrastructure; digital transformation and capacity building; healthcare and life sciences; and small- and medium-sized enterprises.

The crown prince’s visit to South Korea in June 2019, at the invitation of then-President Moon Jae-in, marked another important turning point in relations, with an agreement to expand the scope of cooperation in all aspects of bilateral relations.

Those efforts appear to be paying off. The volume of trade between the Kingdom and South Korea in 2021 amounted to roughly $26,506 million.




S. Korea’s strengths in shipping and manufacturing underpin trade ties with Saudi Arabia, and plans to boost investment in energy, defense and green initiatives will forge wider economic links. (AFP)

The balance of trade that year recorded a surplus in favor of the Kingdom at a value of $19,646 million, with Saudi exports worth $23,076 million and imports from South Korea valued at $3,430 million.

Three of the most prominent Saudi companies have made investments in South Korea worth $6.35 billion. Chief among these is Saudi Aramco, which is active in the coal, oil and gas sectors, with investments worth $5.18 billion.

Others include SABIC, which is active in the chemicals sector, with investments worth $1 billion, and the Advanced Petrochemical Company, which works in the plastics sector and has investments amounting to $168 million.

South Koreans have made 132 investments in the Kingdom with a total value of approximately $3.66 billion. These cover sectors as varied as mining and quarrying, electricity, gas, air conditioning, transportation and storage, manufacturing and construction.

The companies involved in the investments include Samsung, International Maritime Industries, Rabigh Electricity Company, Alia Polymers Company, and Saudi Steel Pipes Company.




Transport makes up a sizeable chunk of trade between Saudi Arabia and South Korea.  (AFP file photo)

Samsung Engineering and Hyundai Group obtained a contract to implement work at the Jafurah gas field project in Saudi Arabia with a value of more than $11 billion.

In 2021, the Saudi Authority for Intellectual Property registered 447 industrial models, 2,881 trademarks, and 543 patents among the filings of Korean companies. Samsung Electronics alone has 145 registered industrial models, while Daewoong Pharmaceutical has the highest number of registered patents, 16 in total.

Saudi Arabia and South Korea also share compatible plans to combat climate change, with the latter aiming to achieve net-zero carbon emissions by 2050 and the Kingdom aiming for the same goal by 2060.




South Korea’s Prime Minister Han Duck-soo, right, with Saudi Crown Prince Mohammed bin Salman in Seoul during their meeting.

In January of this year, on the sidelines of the Saudi-Korean Investment Forum in Riyadh, attended by former President Moon Jae-in, the Saudi Public Investment Fund, Korea’s POSCO, and the Construction Division of Samsung C&T announced a tripartite memorandum of understanding to develop a green hydrogen export project.

There is more to the relationship than business and investments, however. The two nations have forged significant cultural ties since the Kingdom opened its doors to entertainment, concerts and world cinema.




South Korean K-pop bands are frequent performers in the Kingdom, a sign of stronger cultural ties between the two countries. (AFP file photo)

K-pop stars Super Junior and BTS have performed in the Kingdom and Korean films and television series have graced its screens, provoking a growing interest in South Korea’s cultural offerings among young Saudis.

Around 175 Saudi students are now studying in South Korea, including many on special scholarships.

Given this scale of investment and the number of cultural exchanges underway, the Saudi-South Korean relationship is likely to be further strengthened by the crown prince’s ongoing visit.

 

Topics: CP in South Korea South Korea Saudi Arabia Crown Prince Mohammed bin Salman Editor’s Choice

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EU, Britain to face off in post-Brexit fishing battle case

Updated 11 sec ago
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EU, Britain to face off in post-Brexit fishing battle case

Updated 11 sec ago
AFP
THE HAGUE: A tiny silver fish which is an important food source in the North Sea will take center stage Tuesday as the European Union and Britain square off over post-Brexit fishing rights.
The bitter arbitration case over sandeels is seen as a bellwether for other potential litigation between London and Brussels in a perennial hot-bed industry, experts said.
Tuesday’s clash at the Hague-based Permanent Court for Arbitration also marks the first courtroom trade battle between the 27-member trading bloc and Britain since it left the EU in 2020.
Brussels has dragged London before the PCA following a decision last year to ban all commercial fishing of sandeels in British waters because of environmental concerns.
London in March ordered all fishing to stop, saying in court documents that “sandeels are integral to the marine ecosystem of the North Sea.”
Because of climate change and commercial fishing, the tiny fish “risked further decline... as well as species that are dependent on sandeels for food including fish, marine mammals, and seabirds.”
This included vulnerable species like the Atlantic puffin, seals, porpoises and other fish like cod and haddock, Britain’s lawyers said.
But Brussels is accusing London of failing to keep to commitments made under the landmark Trade and Cooperation Agreement, which gave the EU access to British waters for several years during a transition period after London’s exit.
Under the deal, the EU’s fishing fleet retained access to British waters for a five-and-half-year transition period, ending mid-2026. After that, access to respective waters will be decided in annual negotiations.
“The EU does not call into question the right of the UK to adopt fisheries management measures in pursuit of legitimate conservation objectives,” Brussels’ lawyers said in court papers.
“Rather, this dispute is about the UK’s failure to abide by its commitments under the agreement.”
London failed to apply “evidence-based, proportionate and non-discriminatory measures when restricting the right to EU vessels to full access to UK waters to fish sandeel,” the EU lawyers said.
Brussels is backing Denmark in the dispute, whose vessels take some 96 percent of the EU’s quota for the species, with sandeel catches averaging some £41.2 million (49 million euros) annually.
“The loss of access to fisheries in English waters could affect relations with the EU, including Denmark, as they are likely to lead to employment losses and business losses overseas,” the EU’s lawyers warned.


The case will now be fought out over three days at the PCA’s stately headquarters at the Peace Palace in The Hague, which also houses the International Court of Justice.
Set up in 1899, the PCA is the world’s oldest arbitral tribunal and resolves disputes between countries and private parties through referring to contracts, special agreements and various treaties, such as the UN Convention on the Law of the Sea.
The EU’s decision to open a case before the PCA “will not have been taken lightly and reflected the political importance it places on fishing rights,” writes Joel Reland, a senior researcher at UK in a Changing Europe, a London-based think tank.
In a number of “influential member states — including France, the Netherlands and Denmark — fishing rights are an important issue, with many communities relying on access to British waters for their livelihoods.”
“This dispute is an early warning that the renegotiation of access rights, before the TCA fisheries chapter expires in June 2026, will be critical for the EU,” said Reland.
A ruling in the case is expected by the end of March.

Trump says will build ‘Iron Dome’ missile shield

Updated 28 January 2025
AFP
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Trump says will build ‘Iron Dome’ missile shield

  • The system “will be made right here in the USA,” the president said
Updated 28 January 2025
AFP

MIAMI: President Donald Trump said Monday he would sign an executive order to start building an “Iron Dome” air defense system for the United States, like the one that Israel has used to intercept thousands of rockets.
“We need to immediately begin the construction of a state-of-the-art Iron Dome missile defense shield, which will be able to protect Americans,” Trump told a Republican congressional retreat in Miami.
Trump said the system “will be made right here in the USA.”
Speaking on the day new Defense Secretary Pete Hegseth took office, Trump said it was one of four orders he would sign, along with one that would “get transgender ideology the hell out of our military.”
During the 2024 election campaign Trump repeatedly promised to build a version of Israel’s Iron Dome system for the United States
But he ignored the fact that the system is designed for short-range threats, making it ill-suited to defending against intercontinental missiles that are the main danger to the United States.
Trump however again sung the praises of the Israeli system, which Israel has used to shoot down rockets fired by its regional foes Hamas in Gaza and Hezbollah in Lebanon during the war sparked by the October 7 Hamas attack on Israel.
“They knock down just about every one of them,” Trump said. “So I think the United States is entitled to that.”

Topics: Trump Returns Iron Dome

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Ukraine’s Zelensky says war means mobilization rules cannot be changed

Updated 28 January 2025
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Ukraine’s Zelensky says war means mobilization rules cannot be changed

  • Members of some units in areas deemed critical to ensuring Ukraine’s defensive lines have not enjoyed any leave since Russia launched its full-scale invasion of the country in February 2022
Updated 28 January 2025
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Ukrainian President Volodymyr Zelensky said on Monday that the rigours of nearly three years of war did not allow for changes in mobilization rules because if soldiers left for home en masse, Russian President Vladimir Putin “will kill us all.”
Zelensky told Italian journalist Cecilia Sala, who was released this month after being detained for 21 days in Iran, that the toll of war on Ukrainians and their families underscored the need to bring the conflict rapidly to an end.
Parliament approved new mobilization rules last year to boost numbers of those at the front, but Ukraine’s fighting forces are still badly outnumbered by their Russian adversaries.
“The wartime situation calls for mobilization of people and all the resources we have in the country. Absolutely all of them,” Zelensky said in the interview, excerpts of which were posted on the president’s Telegram channel.
“And, unfortunately, that is the challenge of this war and that is why we have to speed things up to the maximum to end it, to oblige Russia to end this war,” Zelensky said.
“Today, we are defending ourselves. If tomorrow, for instance, half the army heads home, we really should have surrendered on the very first day. That is how it is. If half the army goes home, Putin will kill us all.”
The legislation approved last year, lowered the age of mobilization for Ukrainian men from 27 to 25 years, narrowed exemptions and imposed penalties on evaders.
Zelensky and others have rejected suggestions by politicians in the United States, Ukraine’s biggest Western backer, that the draft age be lowered further on grounds that Ukrainian forces at the front are not sufficiently well armed.
Members of some units in areas deemed critical to ensuring Ukraine’s defensive lines have not enjoyed any leave since Russia launched its full-scale invasion of the country in February 2022.
Russian forces failed in their initial advance on the capital Kyiv, but have since focused their efforts on securing all of Donbas, made up of Donetsk and Luhansk regions, in Ukraine’s east.
Russian forces occupy about 20 percent of Ukraine’s territory and have been recording their fastest gains since the invasion in their advance in the east, while holding part of four Ukrainian regions.Ukrainian President Volodymyr Zelensky

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US Justice Dept officials involved in Trump prosecutions fired

Updated 28 January 2025
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US Justice Dept officials involved in Trump prosecutions fired

Updated 28 January 2025
AFP

WASHINGTON: The US Justice Department fired a number of officials on Monday who were involved in the criminal prosecutions of President Donald Trump.
“Acting attorney general James McHenry made this decision because he did not believe these officials could be trusted to faithfully implement the president’s agenda because of their significant role in prosecuting the president,” a Justice Department official said.
The official did not specify now many people had their employment terminated, but US media outlets said it was more than a dozen and several were career prosecutors with the Justice Department.
Special Counsel Jack Smith, who brought two federal cases against Trump, resigned earlier this month.
Smith charged Trump with plotting to overturn the results of the 2020 election and mishandling classified documents after leaving the White House.
Neither case came to trial and Smith — in line with a long-standing Justice Department policy of not prosecuting a sitting president — dropped them both after the Republican won November’s presidential election.
The firing of the Justice Department officials involved in prosecuting Trump was not unexpected.
Trump had vowed before the election to fire Smith “on day one” and accused the Justice Department under Democratic president Joe Biden of conducting a “political witchhunt” against him.
In his inauguration speech, Trump said he would end the “vicious, violent, and unfair weaponization of the Justice Department and our government.”
In his final report, Smith said Trump would have been convicted for his “criminal efforts” to retain power after the 2020 election if the case had not been dropped.
Trump was charged with conspiracy to defraud the United States and conspiracy to obstruct an official proceeding — the session of Congress held to certify Biden’s win that was violently attacked on January 6, 2021 by a mob of Trump supporters.
Smith also prepared a report into Trump’s alleged mishandling of classified documents but it is being withheld because charges are pending against two of his former co-defendants.
Trump faces separate racketeering charges in Georgia over his efforts to subvert the election results in the southern state, but the case will likely be frozen while he is in office.
Trump was convicted in New York in May of falsifying business records to cover up hush money payments to a porn star. The judge who presided over the case gave him an “unconditional discharge” which carries no jail time, fine or probation.

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DeepSeek: Chinese AI firm sending shock waves through US tech

Updated 28 January 2025
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DeepSeek: Chinese AI firm sending shock waves through US tech

  • The program has shaken up the tech industry and hit US titans including Nvidia, the AI chip juggernaut that saw nearly $600 billion of its market value erased, the most ever for one day on Wall Street
Updated 28 January 2025
AFP

BEIJING: Chinese firm DeepSeek’s artificial intelligence chatbot has soared to the top of the Apple Store’s download charts, stunning industry insiders and analysts with its ability to match its US competitors.
The program has shaken up the tech industry and hit US titans including Nvidia, the AI chip juggernaut that saw nearly $600 billion of its market value erased, the most ever for one day on Wall Street.
Here’s what you need to know about DeepSeek:
DeepSeek was developed by a start-up based in the eastern Chinese city of Hangzhou, known for its high density of tech firms.
Available as an app or on desktop, DeepSeek can do many of the things that its Western competitors can do — write song lyrics, help work on a personal development plan, or even write a recipe for dinner based on what’s in the fridge.
It can communicate in multiple languages, though it told AFP that it was strongest in English and Chinese.
It is subject to many of the limitations seen in other Chinese-made chatbots like Baidu’s Ernie Bot — asked about leader Xi Jinping or Beijing’s policies in the western region of Xinjiang, it implored AFP to “talk about something else.”
But from writing complex code to solving difficult sums, industry insiders have been astonished by just how well DeepSeek’s abilities match the competition.
“What we’ve found is that DeepSeek... is the top performing, or roughly on par with the best American models,” Alexandr Wang, CEO of Scale AI, told CNBC.
That’s all the more surprising given what is known about how it was made.
In a paper detailing its development, the firm said the model was trained using only a fraction of the chips used by its Western competitors.
Analysts had long thought that the United States’ critical advantage over China when it comes to producing high-powered chips — and its ability to prevent the Asian power from accessing the technology — would give it the edge in the AI race.
But DeepSeek researchers said they spent only $5.6 million developing the latest iteration of their model — peanuts when compared with the billions US tech giants have poured into AI.
Shares in major tech firms in the United States and Japan have tumbled as the industry takes stock of the challenge from DeepSeek.
Chip making giant Nvidia — the world’s dominant supplier of AI hardware and software — closed down seventeen percent on Wall Street on Monday.
And Japanese firm SoftBank, a key investor in US President Donald Trump’s announcement of a new $500 billion venture to build infrastructure for artificial intelligence in the United States, lost more than eight percent.
Venture capitalist Marc Andreessen, a close adviser to Trump, described it as “AI’s Sputnik moment” — a reference to the Soviet satellite launch that sparked the Cold War space race.
“DeepSeek R1 is one of the most amazing and impressive breakthroughs I’ve ever seen,” he wrote on X.
Like its Western competitors Chat-GPT, Meta’s Llama and Claude, DeepSeek uses a large-language model — massive quantities of texts to train its everyday language use.
But unlike Silicon Valley rivals, which have developed proprietary LLMs, DeepSeek is open source, meaning anyone can access the app’s code, see how it works and modify it themselves.
“We are living in a timeline where a non-US company is keeping the original mission of OpenAI alive — truly open, frontier research that empowers all,” Jim Fan, a senior research manager at Nvidia, wrote on X.
DeepSeek said it “tops the leaderboard among open-source models” — and “rivals the most advanced closed-source models globally.”
Scale AI’s Wang wrote on X that “DeepSeek is a wake up call for America.”
Beijing’s leadership has vowed to be the world leader in AI technology by 2030 and is projected to spend tens of billions in support for the industry over the next few years.
And the success of DeepSeek suggests that Chinese firms may have begun leaping the hurdles placed in their way.
Last week DeepSeek’s founder, hedge fund manager Liang Wenfeng, sat alongside other entrepreneurs at a symposium with Chinese Premier Li Qiang — highlighting the firm’s rapid rise.
Its viral success also sent it to the top of the trending topics on China’s X-like Weibo website Monday, with related hashtags pulling in tens of millions of views.
“This really is an example of spending a little money to do great things,” one user wrote.

Topics: DeepSeek AI

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