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
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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

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.

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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.

 


Explosions as Kyiv under missile attack, says mayor

Updated 06 April 2025
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Explosions as Kyiv under missile attack, says mayor

  • Kyiv Mayor Vitali Klitschko said 3 people were injured so far, and said there was reported wreckage falling in two non-residential sites
  • Last week, a Russian missile struck a residential area in President Zelensky's home city of Kryvyi Rig, killing 18, including 9 children

KYIV, Ukraine: Kyiv Mayor Vitali Klitschko said the city was under missile attack on Sunday with explosions in the Ukrainian capital, two days after a Russian missile killed 18 people in President Volodymyr Zelensky’s hometown.
Klitschko said paramedics had been sent to two districts in Kyiv, while the Ukrainian air force said missiles had entered the northern Chernihiv region.
“Explosions in the capital. Air defense is in operation,” Klitschko said on Telegram.
“The missile attack on Kyiv continues. Stay in shelters!“
He added that three people were injured so far, and said there was reported wreckage falling in two non-residential sites.
Across Ukraine, air raid alerts were also issued for the Kherson, Mykolaiv and Odesa regions.
The attacks come at a time when US President Donald Trump is pushing for a partial ceasefire between Russia and Ukraine, more than three years into Moscow’s full-scale invasion, while seeking a thaw in ties with the Kremlin.

On Saturday, Zelensky slammed the US embassy for what he called a “weak” statement that did not blame Russia for the deadly missile strike on his home city Kryvyi Rig. Nine children were among the 18 fatalities.
In one of the deadliest strikes in recent weeks, a Russian missile struck a residential area near a children’s playground in the central Ukrainian city.
Seventy-two people were wounded, 12 of them children, Dnipropetrovsk regional governor Sergiy Lysak said after emergency operations ended overnight.
In an emotional statement on social media, Zelensky named each of the children killed in the attack, accusing the US embassy of avoiding referring to Russia as the aggressor.
“Unfortunately, the reaction of the American embassy is unpleasantly surprising: such a strong country, such a strong people — and such a weak reaction,” Zelensky wrote.
“They are even afraid to say the word ‘Russian’ when talking about the missile that killed the children.”
The Ukrainian president took aim at the US Ambassador Bridget Brink after she posted a message on X on Friday evening that said: “Horrified that tonight a ballistic missile struck near a playground and restaurant.”
Brink, who was appointed by Trump’s predecessor Joe Biden and has been ambassador since May 2022, added that “this is why the war must end.”
Zelensky wrote on Saturday: “Yes, the war must end. But in order to end it, we must not be afraid to call a spade a spade.”
“It is wrong and dangerous to keep silent about the fact that it is Russia that is killing children with ballistic missiles,” Zelensky reiterated in his evening address.
“It only incites the scum in Moscow to continue the war and further ignore diplomacy.”

The Ukrainian leader was born in the industrial city of Kryvyi Rig, which had a pre-war population of around 600,000 people.
Zelensky said the children killed by the latest attack ranged in age from a three-year-old boy, Tymofiy, to a 17-year-old teenage boy, Nikita.
Oleksandr Vilkul, the head of Kryvyi Rig’s military administration, said three days of mourning had been declared on April 7, 8 and 9.
“This is nothing less than a mass murder of civilians,” he said.
Pictures circulated by rescue services showed several bodies, one stretched out near a playground swing.
Russia’s defense ministry said it “delivered a precision strike” in the city “where commanders of formations and Western instructors were meeting.”
The General Staff of the Ukrainian army retorted that Moscow was “trying to cover up its cynical crime” and “spreading false information.” It accused Russia of “war crimes.”
Trump, who said during his re-election campaign he could end the three-year conflict within days, is pushing the two sides to agree to a ceasefire but his administration has failed to broker an accord acceptable to both.
Zelensky said the missile attack showed Russia had no interest in stopping its full-scale invasion, launched in February 2022.
The president hailed “tangible progress” after meeting British and French military chiefs in Kyiv on Friday to discuss a plan by London and Paris to send a “reassurance” force to Ukraine if and when a deal on ending the conflict is reached.
Zelensky wrote on social media that the meeting with British Chief of the Defense Staff Tony Radakin and French counterpart Thierry Burkhard agreed “the first details on how the security contingent of partners can be deployed.”
This is one of the latest efforts by European leaders to agree on a coordinated policy after Trump sidelined them and opened direct talks with the Kremlin.
 


US to revoke all South Sudan visas over failure to accept repatriation of citizens: Rubio

Updated 06 April 2025
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US to revoke all South Sudan visas over failure to accept repatriation of citizens: Rubio

  • South Sudan had failed to respect the principle that every country must accept the return of its citizens in a timely manner, Secretary of State Marco Rubio said
  • Washington “will be prepared to review these actions when South Sudan is in full cooperation,” he added

WASHINGTON: The US said on Saturday it would revoke all visas held by South Sudanese passport holders over South Sudan’s failure to accept the return of its repatriated citizens, at a time when many in Africa fear that country could return to civil war.
US President Donald Trump’s administration has taken aggressive measures to ramp up immigration enforcement, including the repatriation of people deemed to be in the US illegally.
The administration has warned that countries that do not swiftly take back their citizens will face consequences, including visa sanctions or tariffs.
South Sudan had failed to respect the principle that every country must accept the return of its citizens in a timely manner when another country, including the US, seeks to remove them, US Secretary of State Marco Rubio said in a statement.
“Effective immediately, the United States Department of State is taking actions to revoke all visas held by South Sudanese passport holders and prevent further issuance to prevent entry into the United States by South Sudanese passport holders,” Rubio said.
“We will be prepared to review these actions when South Sudan is in full cooperation,” Rubio said.
It is time for South Sudan’s transitional government to “stop taking advantage of the United States,” he said.
South Sudan’s embassy in Washington did not respond immediately to a request for comment.
African Union mediators arrived in South Sudan’s capital Juba this week for talks aimed at averting a new civil war in the country after its First Vice President Riek Machar was placed under house arrest last week.
South Sudan President Salva Kiir’s government has accused Machar, a longtime rival who led rebel forces during a 2013-18 war that killed hundreds of thousands, of trying to stir up a new rebellion.

Machar’s detention followed weeks of fighting in the northern Upper Nile state between the military and the White Army militia. Machar’s forces were allied with the White Army during the civil war but deny any current links.
The 2013-18 war was contested largely along ethnic lines, with fighters from the Dinka, the country’s largest group, lining up behind Kiir, and those from the Nuer, the second-largest group, supporting Machar.

 


Panama wants ‘respectful’ ties with US amid canal threats

Updated 06 April 2025
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Panama wants ‘respectful’ ties with US amid canal threats

  • The United States and China are the two biggest users of the Panama Canal, which handles five percent of global maritime trade, giving it vital economic and geostrategic importance

PANAMA CITY: Panama hopes to maintain a “respectful” relationship with the United States, even as President Donald Trump has repeated threats to retake the Panama Canal, Foreign Minister Javier Martinez-Acha said Saturday.
His comments came ahead of a visit next week by US Defense Secretary Pete Hegseth, a trip made more urgent against the backdrop of Trump’s threats and his allegations of Chinese interference in the canal.
“We discussed illegal migration, organized crime, drug trafficking and (other issues),” Martinez-Acha wrote on X of a call Friday with US Deputy Secretary of State Christopher Landau. “It was a cordial and constructive exchange.”
“I reiterated that all cooperation from Panama will take place under the framework of our constitution, our laws, and the Canal Neutrality Treaty,” he wrote. “Relations with the US must remain respectful, transparent and mutually beneficial.”
The US State Department said Landau had “expressed gratitude for Panama’s cooperation in halting illegal immigration and working with the United States to secure a nearly 98 percent decrease in illegal immigration through the Darien jungle,” an arduous path northward followed by many migrants.
The two officials also discussed the sale last month by the Hong Kong company CK Hutchison to giant US asset manager BlackRock of its concession in ports at either end of the Panama Canal, Martinez-Acha added.
Panama’s comptroller has been conducting an audit of Hutchison since January.
Landau “recognized Panama’s actions in curbing malign Chinese Communist Party influence,” the State Department said.
The deal was set to close on April 2 but has been held up as Chinese regulators pursue an investigation.
The United States and China are the two biggest users of the Panama Canal, which handles five percent of global maritime trade, giving it vital economic and geostrategic importance. It was inaugurated by the United States in 1914 and has been in Panamanian hands since 1999.


Tens of thousands of Spaniards march across the country to protest the growing housing crisis

Updated 06 April 2025
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Tens of thousands of Spaniards march across the country to protest the growing housing crisis

  • The housing crisis has hit particularly hard in Spain, where there is a strong tradition of home ownership and scant public housing for rent

BARCELONA, Spain: Tens of thousands of Spaniards marched in protests held across the European country on Saturday in anger over high housing costs with no relief in sight.
Government authorities said that 15,000 marched in Madrid, while organizers said 10 times that many took to the streets of the capital. In Barcelona, the city hall said 12,000 people took part in the protest, while organizers claimed over 100,000 did.
The massive demonstration of social angst that is a major concern for Spain’s left-wing government was organized by housing activists and backed by Spain’s main labor unions.
The housing crisis has hit particularly hard in Spain, where there is a strong tradition of home ownership and scant public housing for rent. Rents have been driven up by increased demand. Buying a home has become unaffordable for many, with market pressures and speculation driving up prices, especially in big cities and coastal areas.
A generation of young people say they have to stay with their parents or spend big just to share an apartment, with little chance of saving enough to one day purchase a home. High housing costs mean even those with traditionally well-paying jobs are struggling to make ends meet.
“I’m living with four people and still, I allocate 30 or 40 percent of my salary to rent,” said Mari Sánchez, a 26-year-old lawyer in Madrid. “That doesn’t allow me to save. That doesn’t allow me to do anything. It doesn’t even allow me to buy a car. That’s my current situation, and the one many young people are living through.”
Housing Minister Isabel Rodríguez said on X that “I share the demand of the numerous people who have marched today: that homes are for living in and not for speculating.”
Lack of public housing
The average rent in Spain has almost doubled in the last 10 years. The price per square meter rose from 7.2 euros ($7.90) in 2014 to 13 euros last year, according to real estate website Idealista. The increase is bigger in Madrid and Barcelona.
Incomes have failed to keep up, especially for younger people in a country with chronically high unemployment.
Spain does not have the public housing that other European nations have invested in to cushion struggling renters from a market that is pricing them out.
Spain is near the bottom end of Organization for Economic Co-operation and Development countries with public housing for rent making up under 2 percent of all available housing. The OECD average is 7 percent. In France it is is 14 percent, Britain 16 percent and the Netherlands 34 percent.
Angry renters point to instances of international hedge funds buying up properties, often with the aim of renting them to foreign tourists. The question has become so politically charged that Barcelona’s city government pledged last year to phase out all its 10,000 permits for short-term rentals, many of them advertised on platforms like Airbnb, by 2028.
Marchers in Madrid on Saturday chanted “Get Airbnb out of our neighborhoods” and held up signs against short-term rentals. In Barcelona, someone carried a sign reading “I am not leaving, vampire,” apparently in a message to would-be real estate speculator seeking to drive him out of his home.
Authorities under pressure
The central government’s biggest initiative for curbing the cost of housing is a rent cap mechanism it has offered to regional authorities, based on a price index established by the housing ministry. The government says the measure has slightly reduced rents in Barcelona, one of the few areas it has been applied.
But government measures have not proven enough to stop protests over the past two years. Experts say the situation likely won’t improve anytime soon.
“This is not the first, nor will it be the last, (housing protest) given the severity of the housing crisis,” Ignasi Martí, professor with the Esade business school and head of its Dignified Housing Observatory, said in an email.
“We saw this with the financial crisis (of 2008-2012) when (a protest movement) lasted until there was a certain economic recovery and a reduction in the social tension,” Marti added.


Protesters tee off against Trump and Musk in ‘Hands Off!’ rallies across the US

Updated 06 April 2025
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Protesters tee off against Trump and Musk in ‘Hands Off!’ rallies across the US

  • Over 1,200 “Hands Off!” demonstrations were planned by more than 150 groups
  • Trump chided for “tearing this country apart” as he goes golfing amid tariff turmoil

Opponents of President Donald Trump and billionaire Elon Musk rallied across the US on Saturday to protest the administration’s actions on government downsizing, the economy, human rights and other issues.
More than 1,200 “Hands Off!” demonstrations were planned by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans and elections activists. The protest sites included the National Mall in Washington, D.C., state capitols and other locations in all 50 states.
Protesters assailed the Trump administration’s moves to fire thousands of federal workers, close Social Security Administration field offices, effectively shutter entire agencies, deport immigrants, scale back protections for transgender people and cut federal funding for health programs.
Musk, a Trump adviser who owns Tesla, SpaceX and the social media platform X, has played a key role in government downsizing as the head of the newly created Department of Government Efficiency. He says he is saving taxpayers billions of dollars.

Kelley Robinson, president of the Human Rights Campaign advocacy group, spoke at the Washington protest, criticizing the Trump administration’s treatment of the LBGTQ+ community.
“The attacks that we’re seeing, they’re not just political. They are personal, y’all,” she said. “They’re trying to ban our books, they’re slashing HIV prevention funding, they’re criminalizing our doctors, our teachers, our families and our lives. This is Donald Trump’s America and I don’t want it y’all. We don’t want this America, y’all. We want the America we deserve, where dignity, safety and freedom belong not to some of us, but to all of us.”

Thousands of people marched in New York City’s midtown Manhattan. In Massachusetts thousands more gathered on Boston Common holding signs including “Hands off our democracy,” “Hands off our Social Security” and “Diversity equity inclusion makes America strong. Hands off!”
In Ohio, hundreds rallied in the rain at the Statehouse in Columbus.
Roger Broom, 66, a retiree from Delaware County, Ohio, said at the Columbus rally that he used to be a Reagan Republican but has been turned off by Trump.
“He’s tearing this country apart,” Broom said. “It’s just an administration of grievances.”
Hundreds of people also demonstrated in Palm Beach Gardens, Florida, a few miles from Trump’s golf course in Jupiter, where he spent the morning at the club’s Senior Club Championship. People lined both sides of PGA Drive, encouraging cars to honk and chanting slogans against Trump.
Archer Moran from Port St. Lucie, Florida, said, “They need to keep their hands off of our Social Security.”
“The list of what they need to keep their hands off of is too long,” Moran said. “And it’s amazing how soon these protests are happening since he’s taken office.”

The president plans to go golfing again Sunday, according to the White House.
Asked about the protests, the White House said in a statement that “President Trump’s position is clear: he will always protect Social Security, Medicare, and Medicaid for eligible beneficiaries. Meanwhile, the Democrats’ stance is giving Social Security, Medicaid, and Medicare benefits to illegal aliens, which will bankrupt these programs and crush American seniors.”
Activists have staged nationwide demonstrations against Trump or Musk multiple times since Trump returned to office. But the opposition movement has yet to produce a mass mobilization like the Women’s March in 2017, which brought thousands of women to Washington, D.C., after Trump’s first inauguration, or the Black Lives Matter demonstrations that erupted in multiple cities after George Floyd’s killing in 2020.
In Charlotte, North Carolina, protesters said they were supporting a variety of causes, from Social Security and education to immigration and women’s reproductive rights.
“Regardless of your party, regardless of who you voted for, what’s going on today, what’s happening today is abhorrent,” said Britt Castillo, 35, of Charlotte. “It’s disgusting and as broken as our current system might be, the way that the current administration is going about trying to fix things — it is not the way to do it. They’re not listening to the people.”
“All they’re doing is making sure that they have a parachute for them and their rich friends, and everybody else here that lives here — that makes the gears turn for this country — are just screwed at the end of the day,” she said.