Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Traffic delays expected as railway workers stage slowdown

    Traffic delays expected as railway workers stage slowdown
  2. 2

    Stalker fans, or 'sasaeng' continue to plague entertainment landscape

    Stalker fans, or 'sasaeng' continue to plague entertainment landscape
  3. 3

    US, Korea urge China to act on NK troop deployment

    US, Korea urge China to act on NK troop deployment
  4. 4

    W10tr buyback plan fires up Samsung stock

    W10tr buyback plan fires up Samsung stock
  5. 5

    Seoul mulls hiring foreign nationals as local bus drivers

    Seoul mulls hiring foreign nationals as local bus drivers
  1. 6

    N. Korea's Kim calls for bolstering nuclear forces 'without limitation,' completing war preparations

    N. Korea's Kim calls for bolstering nuclear forces 'without limitation,' completing war preparations
  2. 7

    Only 2.5% of senior citizens want to move in with children when sick: survey

    Only 2.5% of senior citizens want to move in with children when sick: survey
  3. 8

    Kim Jong-un orders full war readiness to justify NK troop deployments: Seoul

    Kim Jong-un orders full war readiness to justify NK troop deployments: Seoul
  4. 9

    [KH Explains] Why Korean bank shares got bump from Trump's 2nd term

    [KH Explains] Why Korean bank shares got bump from Trump's 2nd term
  5. 10

    Presidential office criticized for haste over potential Trump meeting

    Presidential office criticized for haste over potential Trump meeting
소아쌤

Samsung heir discusses investment with Saudi prince in Jeddah

By Song Su-hyun

Published : Sept. 18, 2019 - 17:18

    • Link copied

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown price of Saudi Arabia, to discuss investment opportunities, according to the company on Wednesday.

During the meeting in Jeddah on Tuesday, Lee and the Saudi prince touched on various topics including technology, industry, construction, energy and smart cities, reported the Saudi Press Agency.

“They discussed investment opportunities in the Kingdom and cooperation between the Kingdom and Samsung Group,” the report said. 

Samsung heir Lee Jae-yong (left) is briefed by Samsung C&E employees in Riyadh on Sunday. (Samsung Electronics) Samsung heir Lee Jae-yong (left) is briefed by Samsung C&E employees in Riyadh on Sunday. (Samsung Electronics)

Lee flew to Riyadh on Saturday to visit the construction site of the city’s largest subway system, which is being participated by Samsung C&T, the construction arm of Samsung.

As the Middle East is seeking new sources of profit other than oil, Samsung needs to focus on the region for new opportunities, Lee said.

By Song Su-hyun (song@heralcorp.com)

More from Headlines