SEOUL, Feb 26 (Reuters) – South Korea and the United Arab Emirates have signed a memorandum of understanding to promote defence cooperation that would be worth more than $35 billion, Seoul’s presidential envoy said on Thursday. The defence projects will be in areas spanning anti-air defence, air force and navy, Kang Hoon-sik, who is President […]
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South Korea, UAE sign MOU on $35 billion defence cooperation, envoy says
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SEOUL, Feb 26 (Reuters) – South Korea and the United Arab Emirates have signed a memorandum of understanding to promote defence cooperation that would be worth more than $35 billion, Seoul’s presidential envoy said on Thursday.
The defence projects will be in areas spanning anti-air defence, air force and navy, Kang Hoon-sik, who is President Lee Jae Myung’s chief of staff, told reporters as he returned from the UAE.
(Reporting by Jack KimEditing by Ros Russell)