Saudi Commerce Minister Leads Delegation to Boost Trade with Korea

Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi arrived in Seoul today, leading a Saudi delegation on a three-day visit to bolster trade ties with the Republic of Korea. The delegation, comprising officials from 10 government agencies and 55 business leaders from major national companies, aims to reinforce economic partnerships and participate in the Saudi-Korean Business Forum.
During a meeting with Korean Prime Minister Han Duck-soo, Dr. Al-Qasabi highlighted the importance of strengthening commercial ties between the two countries, in line with the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. The Saudi Ambassador to Korea, Sami bin Mohammed Al-Sadhan, was also present at the meeting.
The discussions centered on the progress in free trade agreement talks between the Republic of Korea and the Gulf Cooperation Council, as well as the impact of Saudi Arabia's Vision 2030 reform agenda on potential business opportunities for collaboration.
Dr. Al-Qasabi also engaged with the Korean Minister of Small and Medium Enterprises and Startups, Oh Young-ju, to explore opportunities for knowledge sharing and talent exchange, drawing on the Republic of Korea's experience in developing small and medium enterprises (SMEs). Additionally, he met with Naver's CEO, Choi Soo-yeon, to discuss the company's plans to enter the Saudi market and collaborate on expanding e-commerce in the kingdom.
The Saudi delegation includes representatives from key government bodies, demonstrating the comprehensive nature of the trade talks.