South Korean president to hold talks with top leaders

South Korean President Park Geun-hye, during a three-day official visit to Kuwait due to begin later on Sunday, would focus her talks with the top leaders on bilateral relations and a host of regional and international issues of common concern, said the South Korean Ambassador to Kuwait.
Ambassador, Shin Bonam, said in a statement to KUNA that President of the Republic of Korea would discuss with the Kuwaiti leaders other topics, namely enhancing mutual cooperation between the two countries in sectors such as security, renewable energy, railway, health, medical sciences, solar energy and infrastructure.
President Park will hold talks with His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and the two leaders will attended signing ceremony for several accords and memos between the two countries.
These agreements stipulate allowing Kuwaiti and South Korean citizens with diplomatic, official and special passports to travel to the two countries without visa. Some of the memos to be signed tackle issues in the medical and transport sectors.
The ambassador added that the president would also meet National Assembly Speaker Marzouq Ali Al-Ghanim, His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah and will also attend a Kuwaiti-Korean seminar, to be organized at Bayan Palace.
For his part, the Kuwaiti Ambassador to South Korea, Jassem Mohammad Al-Bedaiwai, stated on the occasion that there "is an opportunity that Korean companies take part in ventures enlisted in the five-year development plan (2015-2020) and the long-term strategy ending in 2035," in addition to the diverse efforts aimed at transforming Kuwait into a regional business hub.
Kuwait-South Korea relations, established in 1979, have been expanded to cover various sectors such as the economic, security and cultural fields. South Korea received the first Kuwaiti oil shipment in 1963, shortly after the country proclaimed its independence.
South Korea largely depends on the Kuwaiti crude oil, some 15-20 percent of its imported crudes. Kuwait has been selling Seoul some 400,000 barrels per day since years ago. Trade exchanges between the two countries are estimated at USD 17 billion.