Policy Issues (March 2015)
Follow-up Measures to Support President Park’s Middle East Agenda --- President Park visited the Middle Eastern countries of Kuwait, Saudi Arabia, the United Arab Emirates and Qatar for the first time in the beginning of her third year as President from March 1-9.The visit was a huge success as 44 MOUs were signed, the 1:1 business forums led to 44 contracts being signed worth a total of US $900 million, and the likelihood of more large-scale contracts being signed was increased as Korea laid the foundation for winning contracts to ‘mega projects’ such as exporting small-medium sized SMARTs (system integrated modular advanced reactors) to Saudi Arabia (US $2 billion) and constructing oil refineries in Kuwait.* For further details, please refer to the attached file.
Mar 2015