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Prince Alwaleed Meets Korean Prime Minister

May 27, 2016

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) visited Seoul, Republic of Korea and met with HE Hwang Kyo-ahn, Korean Prime Minister. The meeting was attended by Mr. Sarmad Zok, Member of KHC’s Board of Directors and Chairman and CEO of Kingdom Hotel Investments (KHI), Ms. Hassna Alturki, Executive Manager for International Relations to HRH the Chairman, Mr. Hani Agha, Head of Travel and External Affairs Department and Mr. Fahad Bin Nafel, Senior Executive Assistant to HRH the Chairman.

 

During the meeting, the two discussed a number of social and economic issues, and the Prime Minister commended Prince Alwaleed for his economic and social support to the Republic of Korea. Moreover, Prince Alwaleed had met with Her Excellency Park Geun-Hye, President of the Republic of Korea during her last visit to the Kingdom of Saudi Arabia.

 

In addition, Prince Alwaleed had signed an MOU with Mr. Hank Ahn, Chairman and CEO of Korea Investment Corporation (KIC). This strategic partnership aims at generating opportunities in private equity investments and the exchange of investment opportunities between both parties globally. Furthermore, this partnership is the first of its kind between an investment holding company and a leading sovereign wealth fund.

 

Kingdom Holding Company’s investment in Korea in the financial sector via Citigroup and in the hotel sector via Four Seasons. Prince Alwaleed also had investments in Korea in both Daewoo Corporation and Hyundai Motors.

 

Also in 2015, Prince Alwaleed received at his office in Riyadh HE Lee Myung-Bak, Former President of Korea and an accompanying delegation. In 1999, Prince Alwaleed was awarded “The Diplomatic Merit of the Heung Korean”; by former President Kim Dae–Jung in recognition of the Prince’s investments in Korea. In 1998, HRH had visited Korea and met with the country’s former President Kim Dae-Jung at the Blue House. Prince Alwaleed received an honorary Doctorate in Business Management from Kyungwon University in Seoul, Korea.