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Saudi Arabia and South Korea seek to boost economic ties
Saudi Finance Minister Mohammed Al-Jadaan and South Korean Deputy Prime Minister and Minister of Finance and Economy Lee Hyeong Eui discussed strengthening the financial and economic cooperation between Saudi Arabia and South Korea. This took place on the sidelines of the 2026 Annual Meetings of the World Bank Group and the International Monetary Fund in Bangkok. Al-Jadaan emphasized that crises present opportunities to accelerate progress through decisions that support a stronger and more prosperous future. He highlighted the importance of tailoring the World Bank's support to each country's circumstances and expanding private sector participation to strengthen global supply chains. He also stressed the importance of supporting fragile countries such as Yemen and Syria, and increasing concessional financing for Palestine, citing the successful partnership model with the International Finance Corporation.
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