South Korea and Oman agree to resume economic cooperation talks

Industry Minister Kim Jung-kwan held talks on Monday with an Omani official to expand energy and logistics ties amid the Middle East crisis.

Industry Minister Kim Jung-kwan discussed expanding economic cooperation with Oman in a video meeting on Monday.

Kim spoke with OPAZ Chairman Qais bin Mohammed Al Yousef. They covered energy supplies and logistics routes that avoid the Strait of Hormuz.

Oman pledged last month to deliver 5 million barrels of oil and 1.5 million tons of naphtha to South Korea by year-end. The sides also agreed to restart the stalled economic cooperation committee.

Kim noted Oman's role as a key partner due to its location and resources.

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South Korean and Japanese defense officials discussing a military pact at a forum in Singapore.
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South Korea discusses military logistics pact with Japan at forum

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Defense Minister Ahn Gyu-back said Sunday that South Korea discussed a Japan-proposed bilateral military logistics support pact at the Shangri-La Dialogue in Singapore, while maintaining reservations on the matter.

South Korea and Qatar discussed energy and high-tech industry cooperation. The two sides reaffirmed Qatar's priority supply of liquefied natural gas to South Korea.

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Finance Minister Koo Yun-cheol said Friday that the recent US-Iran memorandum of understanding aimed at ending their conflict presents both opportunities and challenges for South Korea.

Finance Minister Koo Yun-cheol said Friday that South Korea's economy continues to maintain solid fundamentals despite the Middle East crisis. He pledged the government will keep an emergency posture until uncertainties subside.

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Defense Minister Ahn Gyu-back and Japanese Defense Minister Shinjiro Koizumi will meet in Seoul on Sunday to discuss expanding defense cooperation between the two countries.

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