Search form

Last updated: 39 min 11 sec ago

You are here

Business & Economy

Prince Alwaleed and Korean PM discuss economic issues

Prince Alwaleed and Hwang Kyo-ahn, Korean prime minister, during the meeting.
RIYADH: Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), visited Seoul and met with Hwang Kyo-ahn, Korean prime minister.
Sarmad Zok, member of KHC’s board of directors and chairman and CEO of Kingdom Hotel Investments (KHI), Hassna Alturki, executive manager for International Relations to the chairman, Mr. Hani Agha, head of travel and external affairs department, and Fahad bin Nafel, senior executive assistant to the chairman, attended the meeting.
During the meeting, the two discussed a number of social and economic issues, and the prime minister commended Prince Alwaleed for his economic and social support to the Republic of Korea.
Moreover, Prince Alwaleed had met with Park Geun-Hye, president of the Republic of Korea, during her last visit to Saudi Arabia.
In addition, Prince Alwaleed had signed an MoU with Hank Ahn, chairman and CEO of Korea Investment Corporation (KIC).
This strategic partnership aims at generating opportunities in private equity investments and the exchange of investment opportunities between both parties globally.
Furthermore, this partnership is the first of its kind between an investment holding company and a leading sovereign wealth fund.
Kingdom Holding Company’s investment in Korea in the financial sector via Citigroup and in the hotel sector via Four Seasons.
Prince Alwaleed also had investments in Korea in both Daewoo Corporation and Hyundai Motors.

MORE FROM Business & Economy