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Korea plans high-level visit to NEOM to secure more business

The South Korean government is reportedly planning a visit to Saudi Arabia next month alongside leaders of major conglomerates, including Samsung, SK, and Hyundai Motor, as part of a concerted effort to secure business orders related to NEOM City, the kingdom’s mega city development.

According to sources on Wednesday, Won Hee-ryong, the Minister of Land, Infrastructure, and Transport, and key business leaders including Lee Jae-yong, Chairman of Samsung Electronics, as well as Choi Tae-won, Chairman of SK Group, are considering visits to Saudi Arabia and other Middle Eastern countries in the middle of October.

Collaboration between Saudi Arabia and South Korean companies has been gaining momentum recently, with Saudi Crown Prince Mohammed bin Salman meeting the heads of eight Korean conglomerates when he visited South Korea in November 2022.

Read the full story at Pulse News

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