By Diplomacy Journal Lee Kap-soo The Defense Acquisition Program Administration (DAPA) announced on Feb. 24 that DAPA Minister Seok Jong-gun visited the United Arab Emirates (UAE) and Egypt from March 17 to 21 (local time) to expand defense exports. DAPA Minister Seok attended IDEX in the UAE, the largest defense exhibition in the Middle East and North Africa, where he met with senior defense officials from various countries. He met with key defense officials from the UAE to discuss ways for Korean defense companies to participate. In particular, at IDEX, Seok signed a Memorandum of Understand
By Diplomacy Journal Lee Jon-young President Yoon Suk-yeol held a summit with President Mohamed bin Zayed Al Nahayan of the United Arab Emirates (UAE) on May 29, reaffirming the UAE's pledge to invest USD 30 billion (approx. KRW 40 trillion) in Korea. Korea and the UAE signed the Comprehensive Economic Partnership Agreement (CEPA) on the occasion of the summit. The UAE is the first Arab country to sign a comprehensive economic partnership agreement with Korea. The presidential office said that the summit confirmed the achievements of the UAE's sovereign wealth fund's $30 billion investment ple