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(4th EXPANSION) South Korea and Saudi Arabia agree to jointly develop the hydrogen economy – World News in Spanish

(ATTENTION: ADD SPOKESPERSON’S REPORT, details in paragraphs 8-13)
Por Kim Deok Hyun

Riyadh, Jan. 18 (Yonhap) — South Korean President Moon Jae-in held talks with Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, on Tuesday, agreeing to work together on areas related to the hydrogen economy.

After holding talks at the Al-Yamamah palace in Riyadh, the two nations signed preliminary agreements to jointly develop green hydrogen, which is produced from renewable energy sources, especially solar and wind, and jointly build a hydrogen ecosystem, Moon’s office said in a statement. statement.

Under the agreements, South Korea can secure a supply of carbon-neutral hydrogen and ammonia from Saudi Arabia. In exchange, Seoul can help Riyadh operate hydrogen-powered cars and hydrogen filling stations, according to the statement.

During the talks, Moon took note of Saudi Arabia’s “Vision 2030” policy to reduce the Arab nation’s dependence on oil and develop its utility sector.

Moon also said that the two nations have expanded cooperation beyond construction, infrastructure and energy into fields such as hydrogen, defense, intellectual property and medicine.

Saudi Arabia is South Korea’s largest trading partner in the Middle East. The kingdom is also the largest supplier of crude oil to South Korea.

Prince Mohammed bin Salman expressed support for Moon’s efforts to bring peace to the Korean Peninsula, according to the statement.

Moon was in Dubai on Monday when an attack claimed by Houthi rebels sparked an explosion at a construction site in Abu Dhabi, killing three people. Yemen’s Houthi rebels also recently seized a United Arab Emirates-flagged ship in the Red Sea.

During the talks, Moon said he “strongly condemns” the seizure and any activity that “threatens peace and stability in the Middle East,” according to Moon spokesman Park Kyung-mee.

Moon told the crown prince that he hopes the ship and its crew will be released and return home safely.

Moon and the crown prince also discussed possible agreements on weapons and defense systems, as well as Korea’s nuclear fusion reactors, Park said.

South Korea has been in negotiations with Saudi Arabia to sell advanced weapons to Riyadh. Moon told the crown prince that he expects positive results from the negotiations, Park told reporters.

Moon also expressed confidence that South Korea would become an “optimal partner” for Saudi Arabia’s plans to build nuclear power plants, Park said.

After the talks, Moon delivered a keynote speech at a business forum.

“Saudi Arabia, which has the potential to produce clean hydrogen such as green and blue hydrogen, and South Korea, which has strengths in hydrogen utilization based on hydrogen-powered cars and fuel cell technology, should cooperate closely. to lead the global hydrogen economy. Luna told the forum.

Moon urged Saudi Arabian business leaders to expand business cooperation with South Korea in sectors related to public health and digital technology as a way to cope with a post-pandemic era.

Moon also met with Yasir al-Rumayyan, chairman of Aramco, the kingdom’s state oil giant. The Aramco chairman also heads Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund.

Moon told the Aramco chairman that cooperating with South Korean hydrogen-related companies would present investment opportunities for Saudi Arabia.

The trip to Saudi Arabia followed a four-day visit to Dubai that included the signing of a preliminary agreement with the United Arab Emirates (UAE) to sell medium-range surface-to-air missiles in the latest sign of deepening defense cooperation between the two nations. .

Moon is scheduled to visit Egypt on Wednesday.

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