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President Yoon Seok-yeol will visit UAE and Switzerland on 14~21... Economic Mission and First Tour



President Yoon Seok-yeol will lead a large-scale economic delegation to the United Arab Emirates (UAE) on 14~21 May and attend the World Economic Forum (Davos Forum) in Davos, Switzerland.

National Security Chief Kim Sung-han and Economic Chief Choe Choe-mok revealed the schedule of President Yun's six-night, eight-day visit to the UAE and Switzerland during a briefing at the Yongsan Presidential Office in Seoul on 10 March.

President Yun will pay a state visit to the UAE on 14~17 at the invitation of Shiekh Mohammed bin Zayed Al Nahyan. There have been 14 reciprocal visits between the two leaders, but this is the first time that a ROK leader has visited the UAE as a state guest since the establishment of the diplomatic relations between the two countries since 1980.

Yun will hold a summit and luncheon meeting with Shiekh Mohammed bin Zayed Al Nahyan to discuss the upgrade of the "special strategic partnership" between the two countries, Kim explained. Prior to his trip, President Yun sent Chief of Staff Kim Tae-chung as a special envoy last month and delivered a personal letter expressing his hope for strengthening bilateral relations.

"The choice of the UAE as the first destination for this year's trip and the Middle East reflects President Yun's firm determination to align the focus of our diplomacy with economic revitalization and export expansion," Kim said, adding, "Through this visit, we will significantly strengthen cooperation with our brotherly country in the four key areas of 'nuclear energy,' 'energy,' 'investment,' and 'defense.'"

President Yun plans to conduct all-round "sales diplomacy" during his visit to the UAE. In particular, this trip will be accompanied by an "economic delegation" consisting of more than 100 large and small companies, including the heads of major domestic groups. This is the first time that such a large-scale economic delegation will accompany President Yun's trip.

The economic mission will strengthen cooperation in various fields such as nuclear power, energy, defense, climate change, space, healthcare, smart farms, and cultural contents, including the signing of a number of memorandums of understanding (MOUs). The government is also discussing specific cooperative investment plans with the UAE sovereign wealth fund, which is the "big hand" of the global financial market. President Yun said that Han· The UAE Business Forum and Consultation will also be attended to encourage investment.

President Yun will visit and encourage the Military Training and Cooperation Group (ARC Unit) stationed in the UAE and inspect the Barakah nuclear power plant, the first nuclear power plant in the Middle East. The Baraka Nuclear Power Plant is a Han· As a symbol of cooperation with the UAE's nuclear power plants, Units 1 and 2 of the nuclear plants exported by South Korea have already been completed, and Units 3 are scheduled to be completed this year.

President Yun will travel to Switzerland on the 17th to attend the World Economic Forum (WEF) Annual Meeting, known as the Davos Forum. The Davos Forum is an international conference that brings together key leaders, academics, and civil society leaders to discuss international issues.

This year's Davos Forum will be themed "Cooperation in a Divided World." "President Yun will participate in the Davos Forum to conduct economic and security diplomacy, sales diplomacy, and public diplomacy in a three-dimensional manner," Kim said, adding, "Intensive consultations will be held on the direction we should take amid climate change, economic slowdown, and geopolitical crises."

Prior to this, President Yun will hold a meeting with CEOs of major domestic and foreign companies on 18 June. The meeting will be attended by Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Choi Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, LG Group Chairman Koo Kwangmo, Lotte Group Chairman Shin Dong-bin, Hanwha Solution Vice Chairman Kim Dong-kwan, and CEOs of global companies such as Intel, IBM, Qualcomm, JPMorgan, Sony, and Mubadala.

"President Yun will have a luncheon with key CEOs to introduce ways of solidarity and cooperation between the government and the private sector for overcoming the complex crisis and sustainable growth, the direction of private and market-oriented economic policies, and discuss investment cooperation in Korea," Choe explained.

President Yun will deliver a special speech at the Davos Forum on 19 October, presenting the path of international cooperation and solidarity for strengthening supply chains, transitioning to clean energy, and realizing the digital order, and introducing Korea's role in supporting them. On the occasion of the Davos Forum, impromptu meetings with key leaders are also expected to take place.

Meanwhile, President Yun will attend a meeting with local compatriots in Zurich, Switzerland on the 17th, and a "Korean Night" event designed to support bidding activities for the Busan World Expo 2030 on the evening of the 18th.

At the end of his trip, President Yun will visit the Federal Institute of Technology in Zurich to discuss ways to cooperate in the field of science and technology with scholars in the field of bilateral technology before returning home on the 20th. [News1]


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