South Korea and the Middle East
Cover Story
Strengthening ties: South Korea and the Middle East
Given the prominence today of South Korean companies such as Samsung Engineering, Hyundai Engineering & Construction and Daewoo Engineering & Construction in the Middle East, it seems unbelievable that just 10 years ago, the country’s contractors were struggling to establish any sort of foothold in the region.
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MEED List: South Korea and the Middle East
The six leading South Korean figures involved in the Middle East project market are: Kwang-Chul Choi, Jung-Mo Jang, Young-Ha Lee, Sang-Ryong Woo, Yeon-Joo Jung and Kangsoo Choo.
South Korean shipbuilders weather financial storm
Although South Korea’s shipbuilders have had a quieter start to the year than usual, partly because of a fall-off in export activity from the Middle East, optimism remains high.
Seoul backs nuclear push
Despite ongoing market fluctuations, project delays and fierce competition, South Korean firms are ideally placed to capitalise on almost every aspect of the utility sector in the Middle East.
Opportunity knocks in the Gulf for South Korea
South Korean engineering, procurement and construction contractors are winning contracts based on their low fees, flexibility and willingness to take on risky, fixed-price projects.
Seoul ensuring energy security
Seoul has been encouraging South Korean energy companies to look further afield to offset the country’s dependence on the Middle East.
Seoul strengthens regional ties
South Korea’s links to the Middle East have been founded on the region’s energy exports. But thanks to the persistence of its contractors, trade is no longer one way.
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