Saudi Arabia and South Korea: A fruitful and enduring partnership

Special 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

Saudi Arabia and South Korea: A fruitful and enduring partnership

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.




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.

 


Eye-watering onion prices make Philippine staple a luxury

Eye-watering onion prices make Philippine staple a luxury
Updated 20 min 10 sec ago

Eye-watering onion prices make Philippine staple a luxury

Eye-watering onion prices make Philippine staple a luxury
  • Onion prices have soared in recent months, reaching as high as 800 pesos (nearly $15) a kilogram in Manila supermarkets, making them more expensive than chicken or pork

BONGABON, Philippines: Even before his onions are fully grown, Philippine farmer Luis Angeles races to harvest the crop and cash in on eye-watering prices for a vegetable that has become a luxury item in the country.
Onion prices have soared in recent months, reaching as high as 800 pesos (nearly $15) a kilogram in Manila supermarkets, making them more expensive than chicken or pork.
Some restaurants have stripped the staple ingredient from dishes, while many families already grappling with the highest inflation in 14 years have stopped eating them.
To meet demand and push retail prices back below 200 pesos, the government has approved the importation of 21,000 tons of onions and faces calls to crack down on traders suspected of hoarding.
But prices remain stubbornly high and onion farmers like Angeles have been harvesting earlier than usual to reap the windfall.
“What is happening is historic,” said Angeles, 37, as his workers pulled undersized red and white bulbs out of the soil near the northern town of Bongabon, the country’s self-proclaimed “onion capital.”
“This is the first time that prices have reached this level.”
When he began harvesting last month, Angeles received as much as 250 pesos per kilogram for his crop.
By the time his onions reached Manila supermarket shelves, the price had more than doubled, exceeding the daily minimum wage.

Customers shop for onions at a market in Manila. (Jam Sta. Rosa / AFP) 

“I told my family, ‘Let’s just smell the onion instead of eating it’,” Candy Roasa, 56, said as she walked through a market in the capital where she has seen vendors selling bulbs the size of a small child’s fist for as much as 80 pesos each.
As onion memes spread on social media, the humble vegetable has become a symbol of wealth in the poverty-afflicted country.
At least one bride used pricey bulbs instead of flowers for her wedding bouquet.
Philippine Airlines crew members on a recent flight from the Middle East were busted trying to smuggle a few bags of the pungent commodity through Manila’s airport.

It is not the first time the Philippines has experienced a shortage of a basic food staple that caused prices to spike — sugar, salt and rice have all been hit in the past.
Poor yields, high costs, insufficient investment in irrigation and machinery, lack of access to cold storage facilities and farm-to-market roads, and crop-destroying typhoons have long impacted the sector.
Pest outbreaks as well as soaring oil and fertilizer prices since Russia invaded Ukraine last year have only added to farmers’ woes.

A farmer harvests onions at a farm in Bongabon, Nueva Ecija province in the northern Philippines. (Jam Sta. Rosa / AFP) 

Despite government pledges to boost domestic food production, the country relies heavily on imports to feed its growing population — but tariffs fuel inflation.
President Ferdinand Marcos appointed himself agriculture secretary to overhaul the near-moribund industry, which accounts for about a quarter of the country’s employment but only makes up 10 percent of gross domestic product.
“Our agriculture sector is significantly challenged,” said Geny Lapina, agricultural economics and management professor at the University of the Philippines.
Every Filipino eats an average of 2.34 kilograms of onions per year and theoretically the country produces enough to meet the demand, official data shows.
But since the tropical climate only allows one planting per year of the rain-averse crop, stocks are consumed or spoil well before the next harvest.
The recent lifting of Covid-19 restrictions, which allowed the resumption of food-focused festivals and family gatherings for Christmas, triggered soaring demand for onions.
William Dar, who was agriculture secretary in former president Rodrigo Duterte’s administration, said the shortage could have been avoided if the current government had allowed imports back in August.
“This is the net result of the poor planning,” Dar told local broadcaster ABS-CBN.
There are growing concerns about future food security in the Philippines, which is ranked among the most vulnerable nations to the impacts of climate change and is plagued by poor nutrition.
The median age of farmers is 57 and the average farm plot has shrunk to around 1.3 hectares from nearly three hectares in the 1960s.
Many farmers are sharecroppers who do not own the land they till and cannot afford to make much-needed investments to improve productivity without government help.
Salvador Catelo, an agricultural economist at the University of the Philippines, said there were “lots of daunting challenges to be immediately solved.”
“We have rich natural resource endowments which are absent in many countries that are performing (better) than us in terms of productivity and self-sufficiency,” Catelo said.
As imported onions flow into the country, Angeles fears farm-gate prices could plummet to as low as 30 pesos per kilogram before he finishes his harvest.
“We are just trying to make our investment survive,” he said.


Earthquake rocks China’s northwestern Xinjiang region

Earthquake rocks China’s northwestern Xinjiang region
Updated 31 January 2023

Earthquake rocks China’s northwestern Xinjiang region

Earthquake rocks China’s northwestern Xinjiang region
  • The China Earthquake Networks Center registered the quake at a preliminary magnitude of 6.1, while the US Geological Survey reported it as 5.7

BEIJING: Residents and travelers sought shelter after a strong earthquake rocked a remote part of northwestern China on Monday morning.
No injuries or major damage have been reported following the temblor that struck the Xinjiang region at 7:49 a.m., according to the official Xinhua News Agency.
State broadcaster CCTV showed footage of people evacuating an airport departure hall and ceiling fixtures swaying as the ground rocked. Ground crews were seen inspecting the airport’s exterior as the sun began to rise over the region’s Shahe county.
The China Earthquake Networks Center registered the quake at a preliminary magnitude of 6.1, while the US Geological Survey reported it as 5.7.
A vast, resource-rich region of mountains and deserts, Xinjiang is one of China’s most seismically volatile regions, though most quakes strike in sparsely inhabited areas outside major cities.
Investigators were checking on the epicenter but no disruptions had been reported to the local power grid, oil and gas production or petrochemical industries, Xinhua said.
China’s deadliest recent earthquake was magnitude 7.9 that struck Sichuan province, south of Xinjiang, in 2008, killing nearly 90,000 people.

 


China’s Sichuan to scrap three-child limit as birth rates drop

Visitors enjoy skating on the crowded frozen Houhai Lake near the Drum Tower, background, in Beijing, Monday, Jan. 30, 2023. (AP
Visitors enjoy skating on the crowded frozen Houhai Lake near the Drum Tower, background, in Beijing, Monday, Jan. 30, 2023. (AP
Updated 31 January 2023

China’s Sichuan to scrap three-child limit as birth rates drop

Visitors enjoy skating on the crowded frozen Houhai Lake near the Drum Tower, background, in Beijing, Monday, Jan. 30, 2023. (AP
  • The last time China’s population declined was in 1960, as the country battled the worst famine in its modern history, caused by the disastrous Mao Zedong agricultural policy known as the Great Leap Forward

BEIJING: Southwest China’s Sichuan province will lift its three-child birth limit and remove restrictions on single parents as the world’s most populous nation faces a looming demographic crisis.
China’s population shrank last year for the first time in more than six decades, official data released this month showed, and the nation of 1.4 billion has seen birth rates plunge to record lows as its workforce ages.
China ended its strict “one-child policy” — imposed in the 1980s out of fears of overpopulation — in 2016 and began allowing couples to have three children in 2021.
But that has failed to reverse the demographic decline.
Faced with falling birth rates, authorities in Sichuan on Monday said they would remove the limit on the number of children a family can have and lift a ban on single women registering a birth.
The Sichuan Provincial Health Commission said the new rules would take effect on February 15.
Out-of-wedlock births are frowned upon in China, with the National Health Commission saying in 2017 that they were “against the public order and against good morals.”
The last time China’s population declined was in 1960, as the country battled the worst famine in its modern history, caused by the disastrous Mao Zedong agricultural policy known as the Great Leap Forward.
The population stood at around 1,411,750,000 at the end of 2022, Beijing’s National Bureau of Statistics (NBS) reported recently, a decrease of 850,000 from the end of the previous year.
Many point to the soaring cost of living — as well as a growing number of women in the workforce and seeking higher education — as being behind the slowdown.
Many local authorities have already launched measures to encourage couples to have children.
The southern megacity of Shenzhen, for example, now offers birth bonuses of up to 10,000 yuan (around $1,500) and pays allowances until the child is three years old.


What’s behind the Pakistani Taliban’s insurgency?

What’s behind the Pakistani Taliban’s insurgency?
Updated 31 January 2023

What’s behind the Pakistani Taliban’s insurgency?

What’s behind the Pakistani Taliban’s insurgency?
  • TTP is separate from but a close ally of the Afghan Taliban, and that group’s takeover of Afghanistan in August 2021 emboldened the TTP

ISLAMABAD: When a suicide bomber struck a mosque inside a police compound in the northwestern city of Peshawar on Monday, suspicion immediately fell on the Pakistani Taliban, also known as Tehreek-e-Taliban Pakistan, or TTP.
In a post on Twitter, a commander for the group, Sarbakaf Mohmand, claimed responsibility for one of the deadliest attacks on security forces in recent months.
But more than 10 hours later, TTP spokesperson Mohammad Khurasani distanced the group from the bombing, saying it was not its policy to target mosques or other religious sites, adding that those taking part in such acts could face punitive action under TTP’s policy. His statement did not address why a TTP commander had claimed responsibility for the bombing.
The TTP’s denial also came after the Afghan Foreign Ministry condemned attacks on worshippers as contrary to the teachings of Islam.
Relations already are strained between Pakistan and neighboring Afghanistan’s Taliban rulers, who are sheltering the TTP leadership and fighters.
A look at the Tehreek-e-Taliban Pakistan, which has waged an insurgency in the country for 15 years:
Why is the TTP fighting an insurgency?
Angered by Pakistan’s cooperation with Washington in the war on terrorism, the TTP was officially set up by Pakistani militants in 2007 when different outlawed groups agreed to work together against Pakistan and support the Afghan Taliban, who were fighting US and NATO forces.
The TTP seeks stricter enforcement of Islamic laws, the release of its members in government custody, and a reduction in Pakistani military presence in parts of Khyber Pakhtunkhwa, the province bordering Afghanistan that it has long used as a base.

Caption

The TTP has stepped up attacks on Pakistani soldiers and police since November, when it unilaterally ended a cease-fire with the government after the failure of months of talks, hosted by Afghanistan’s Taliban rulers in Kabul. The TTP has repeatedly warned police not to take part in operations against its fighters in Peshawar, the capital of Khyber Pakhtunkhwa province.
What is the relationship between the TTP and the Afghan Taliban?
The TTP is separate from but a close ally of the Afghan Taliban, and that group’s takeover of Afghanistan in August 2021 emboldened the TTP, which shares the group’s ideology.
TTP fighters used to hide in Pakistan’s tribal northwest and also had sanctuary in Afghanistan, but they mostly lived a fugitive existence.
However, the Afghan Taliban started openly sheltering the TTP when they came to power. The Afghan Taliban also released TTP leaders and fighters who had been arrested by previous administrations in Kabul.
The Taliban have repeatedly said they will not allow anyone, including the TTP, to use Afghan soil for attacks against any country, including Pakistan. But Pakistani officials say there is a disconnect between the words and actions of the Afghan Taliban, who could stop the TTP from launching attacks inside the country but are failing to do so.


ALSO READ: 59 killed, 157 wounded, as suicide blast rips through Pakistan police mosque

The Pakistani Taliban have expressed their allegiance to the head of the Afghan Taliban, said Abdullah Khan, a senior defense analyst and managing director of the Islamabad-based Pakistan Institute for Conflict and Security Studies.
He added, however, that they have their own agenda and strategy.
TTP’s operations have largely been aimed at targeting Pakistani forces, similar to the Afghan Taliban’s agenda of ousting foreign forces from the country.
Khan fears that Pakistan will see a surge in militant violence in the coming weeks and months.
Has viollence increased recently?
Pakistan has seen innumerable militant attacks in the past two decades, but there has been an uptick since November, when the TTP ended a cease-fire with the government that had lasted for months.
The Pakistani Taliban regularly carry out shootings or bombings, especially in the rugged and remote northwestern Pakistan, a former TTP stronghold.
The violence has raised fears among residents of a possible military operation in the former tribal regions of North and South Waziristan, now two districts in Khyber Pakhtunkhwa.
Hours after Monday’s mosque bombing, Interior Minister Rana Sanaullah Khan told the independent Geo news channel that Afghan Taliban rulers must stand by their commitment to the international community to not allow anyone to use their soil for attacks against another country.
“They should honor their promises,” he said.


US seeks to expand birth control coverage under Obamacare

US seeks to expand birth control coverage under Obamacare
Updated 31 January 2023

US seeks to expand birth control coverage under Obamacare

US seeks to expand birth control coverage under Obamacare
  • If the new rule is implemented, women enrolled in plans governed by the ACA would gain birth control coverage regardless of employer exemption, the US Department of Health and Human Services (HHS) said in a statement

WASHINGTON: Women whose employers have opted out of covering contraceptives under their health insurance plans on religious grounds would gain no-cost access to birth control under a rule proposed by the Biden administration on Monday.
The Affordable Care Act (ACA), also known as Obamacare, requires private insurance plans to cover recommended preventive services including contraception without any patient cost-sharing, but current regulations grant exemptions for religious or moral objections.
If the new rule is implemented, women enrolled in plans governed by the ACA would gain birth control coverage regardless of employer exemption, the US Department of Health and Human Services (HHS) said in a statement.
“Today’s proposed rule works to ensure that the tens of millions of women across the country who have and will benefit from the ACA will be protected. It says to women across the country, we have your back,” said HHS Secretary Xavier Becerra.
Under existing regulations, those enrolled in plans that do not cover contraception on religious or moral grounds can only access contraceptive services through an accommodation that employers can decline to offer.
Under the new rule, a provider would offer contraception at no cost to the employee and be reimbursed by an insurer, who would receive a credit from the government.
The rule would also remove employer moral objections as grounds for exemption from coverage but keep religious ones in place.