Qatar, S Korea consider MoU to boost financial, investment co-operation

HE Sheikh Abdullah (centre) with Lee Ju-yeol among others in Seoul yesterday.

Qatar and South Korea are considering the possibility of signing an MoU to strengthen financial and investment co-operation following a meeting HE the QCB Governor Sheikh Abdullah bin Saud al-Thani had with Bank of Korea Governor Lee Ju-yeol in Seoul yesterday.

Sheikh Abdullah said during his meeting with the Bank of Korea governor that they discussed the prospects of co-operation between the QCB and its South Korean counterpart and ways of enhancing it. He said he was briefed on investment opportunities in financial instruments available to the Bank of Korea.

The South Korean side welcomed the idea of an MoU, even as the Bank of Korea governor confirmed the South East Asian country’s readiness to support the bilateral relationship between the two sides. 

Sheikh Abdullah extended an invitation to the governor of the Bank of Korea to visit Qatar, who, in turn, accepted the invitation.

The two central bank chiefs exchanged souvenirs on the occasion.

The meeting was also attended by Qatar’s Ambassador to South Korea Mohamed bin Abdulla al-Duhaimi and the CEOs of some Qatari banks, the Regulatory Authority of Qatar Financial Centre (QFC) and Qatar Financial Markets Authority, besides senior QCB senior officials.