What explains South Korea's warming ties with the Middle East?


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June 29, 2023

Months before becoming South Korea’s president, long-time prosecutor and conservative firebrand Yoon Suk Yeol called for a new era in his country’s foreign policy. In an oft-quoted essay for Foreign Affairs magazine last year, he celebrated how his country, once an impoverished and war-stricken nation, is now featuring among the world’s wealthiest and most industrialised nations.

But Mr Yoon also argued that South Korea should “become an even more responsible and respected member of the international community”. He accused the outgoing Moon Jae-in administration, which doggedly prioritised an ill-fated peace deal with North Korea, of being too “parochial and short-sighted” in its conception of “national interest”, thus undermining the country’s global standing. For Mr Yoon, it was time for South Korea to live up to its potential by becoming a “global pivot state”, which is dynamic, assertive and adaptive to “the needs of the 21st century”.

Once in power, Mr Yoon wasted no time to pursue his new vision for South Korea. He hosted the US President Joe Biden, and the two leaders agreed to support a new regional order under the proposed Indo-Pacific Economic Framework. Meanwhile Mr Yoon also became the first South Korean leader to attend a Nato summit, where he touted shared values amid booming defence ties with Europe.

Last year, South Korea’s defence exports, including to Eastern Europe amid the conflict in Ukraine, reached a historic high of $17.3 billion, making it among the largest arms exporters in the world. The sheer breadth of Mr Yoon’s increasingly self-confident foreign policy was fully on display during his first visit to the Middle East, particularly the UAE, where he discussed a series of mega-deals covering defence co-operation, nuclear technology and infrastructure development. In a short space of time, South Korea has transformed from an economic dynamo into a major strategic player across the Indo-Pacific.

South Korean President Moon Jae-in and North Korean leader Kim Jong-un wave during a parade in Pyongyang on September 18, 2018. Pyeongyang Press Corps via Reuters
South Korean President Moon Jae-in and North Korean leader Kim Jong-un wave during a parade in Pyongyang on September 18, 2018. Pyeongyang Press Corps via Reuters
New rising powers are enhancing bilateral strategic co-operation beyond the dictates of superpowers

To be fair, South Korea’s emergence on the global stage has been long in the making. Following the heavily devastating Korean War in the early 1950s, Seoul pursued an uncompromising policy of national development under a succession of authoritarian leaders.

Thanks to an industrial and trade policy that corralled major conglomerates and suppressed foreign imports, South Korea built an impressive manufacturing base by the 1970s and '80s. This went hand in hand with progressive land reform and the establishment of a world-class education sector.

Even after the country’s transition to democracy in the late-1980s, South Korea’s remarkably successful developmental state remained intact, now shifting into increasingly sophisticated industries. The upshot was the emergence of a technological behemoth and a global manufacturing powerhouse at the dawn of the 21st century.

Nevertheless, successive South Korean administrations, whether conservative or liberal, largely adopted a “non-aligned” foreign policy doctrine. This was primarily due to the country’s acute sense of vulnerability vis-a-vis North Korea, which is still in a state of war with its southern counterpart. But it was also a reflection of Seoul’s commitment to an “economy first” foreign policy approach, which prioritised the maintenance of robust trade and investment ties with all major players.

Under the previous Moon administration, in particular, Seoul had to navigate a testy relationship with the Trump administration, which pushed for a revision of the US-Korea Free Trade Agreement. It also had to avoid confrontation with China, a top trading partner, over its defence co-operation with the US, a treaty ally that advocated for the deployment of advanced missile systems to its bases in South Korea.

What made South Korea strategically diffident on the global stage, however, was the Moon administration’s commitment to pursuing an intra-Korean peace initiative that could end the standoff between North and South once and for all. Despite several summits with the North Korean leader, however, there was no diplomatic breakthrough.

The failure of his liberal predecessor provided an unprecedented opportunity for Mr Yoon to recast his country’s foreign policy. The timing was seemingly perfect. Over the past two decades, South Korea had been building up not only its own military capabilities, but also its defence industry.

By 2022, as Mr Yoon began to take power, leading South Korean defence companies – namely Korea Aerospace Industries Ltd, Hanwha, and LIG Nex1 Co – bagged more than $10 billion in contracts, placing the country among the world’s 10 largest defence exporters. And the country’s warming ties with Nato allies was consistent with Mr Yoon’s call for potential membership in an expanded Quadrilateral Security Dialogue, better known as the “Quad”, power grouping along with India, Australia, Japan and the US.

But the emergence of South Korea as a “global pivot state”, namely an autonomous and confident power with a diverse network of partnerships, was on full display during Mr Yoon’s visit to the UAE, which is famed for its robust relations with all major powers.

Historically, South Korea’s presence in the region had humble beginnings. Back in the 1970s, as many as 200,000 Koreans worked in Iran, which was then undergoing a major construction boom. Over the succeeding decades, Seoul sought to maintain stable ties with all major oil-exporting nations in the Middle East, in large part to secure its own energy security.

In recent years, however, South Korea has experienced a renaissance in its relations with regional states. In fact, bilateral relations are truly multidimensional and reciprocal. To begin with, the UAE alone is the source of up to 10 per cent of South Korea’s crude oil imports, with bilateral trade surpassing $10 billion in recent years.

As Kim Sung-han, South Korea’s director of national security, put it, what made the Yoon visit special was how it helped “strengthen strategic co-operation with our brother country UAE in the four core co-operative sectors of nuclear power, energy, investment and defence”.

The blossoming South Korea-UAE relations reflect a more fundamental shift in the Indo-Pacific geopolitical landscape, as new rising powers enhance bilateral strategic co-operation beyond the dictates of superpowers. After decades of strategic hibernation, South Korea has fully embraced its role as “global pivot state”, now exporting high-tech defence equipment and cutting-edge civilian technology to a whole host of diverse yet likeminded powers around the world.

THE%20SPECS
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Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

UAE currency: the story behind the money in your pockets
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%3Cul%3E%0A%3Cli%3EThe%20loss%20of%20sodium%20chloride%20in%20our%20sweat%20can%20lead%20to%20confusion%20and%20an%20altered%20mental%20status%20and%20slurred%20speech%3C%2Fli%3E%0A%3Cli%3EBody%20temperature%20above%2039%C2%B0C%3C%2Fli%3E%0A%3Cli%3EHot%2C%20dry%20and%20red%20or%20damp%20skin%20can%20indicate%20heatstroke%3C%2Fli%3E%0A%3Cli%3EA%20faster%20pulse%20than%20usual%3C%2Fli%3E%0A%3Cli%3EDizziness%2C%20nausea%20and%20headaches%20are%20also%20signs%20of%20overheating%3C%2Fli%3E%0A%3Cli%3EIn%20extreme%20cases%2C%20victims%20can%20lose%20consciousness%20and%20require%20immediate%20medical%20attention%3C%2Fli%3E%0A%3C%2Ful%3E%0A

Coal Black Mornings

Brett Anderson

Little Brown Book Group 

The years Ramadan fell in May

1987

1954

1921

1888

Company%20Profile
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SPECS
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Voy!%20Voy!%20Voy!
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INDIA'S%20TOP%20INFLUENCERS
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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

WHY%20AAYAN%20IS%20'PERFECT%20EXAMPLE'
%3Cp%3EDavid%20White%20might%20be%20new%20to%20the%20country%2C%20but%20he%20has%20clearly%20already%20built%20up%20an%20affinity%20with%20the%20place.%3Cbr%3E%3Cbr%3EAfter%20the%20UAE%20shocked%20Pakistan%20in%20the%20semi-final%20of%20the%20Under%2019%20Asia%20Cup%20last%20month%2C%20White%20was%20hugged%20on%20the%20field%20by%20Aayan%20Khan%2C%20the%20team%E2%80%99s%20captain.%3Cbr%3E%3Cbr%3EWhite%20suggests%20that%20was%20more%20a%20sign%20of%20Aayan%E2%80%99s%20amiability%20than%20anything%20else.%20But%20he%20believes%20the%20young%20all-rounder%2C%20who%20was%20part%20of%20the%20winning%20Gulf%20Giants%20team%20last%20year%2C%20is%20just%20the%20sort%20of%20player%20the%20country%20should%20be%20seeking%20to%20produce%20via%20the%20ILT20.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20is%20a%20delightful%20young%20man%2C%E2%80%9D%20White%20said.%20%E2%80%9CHe%20played%20in%20the%20competition%20last%20year%20at%2017%2C%20and%20look%20at%20his%20development%20from%20there%20till%20now%2C%20and%20where%20he%20is%20representing%20the%20UAE.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20was%20influential%20in%20the%20U19%20team%20which%20beat%20Pakistan.%20He%20is%20the%20perfect%20example%20of%20what%20we%20are%20all%20trying%20to%20achieve%20here.%3Cbr%3E%3Cbr%3E%E2%80%9CIt%20is%20about%20the%20development%20of%20players%20who%20are%20going%20to%20represent%20the%20UAE%20and%20go%20on%20to%20help%20make%20UAE%20a%20force%20in%20world%20cricket.%E2%80%9D%C2%A0%3C%2Fp%3E%0A
25%20Days%20to%20Aden
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DUNE%3A%20PART%20TWO
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THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ESingle%20front-axle%20electric%20motor%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E218hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E330Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%20%3C%2Fstrong%3E402km%20(claimed)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh215%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3C%2Fp%3E%0A
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs: 2018 Renault Koleos

Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km

MANDOOB
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Updated: June 29, 2023, 9:07 AM`