HE the Minister of Energy and Industry Mohamed bin Saleh al-Sada said that exports to South Korea represented 20% of Qatar’s total exports.
Liquefied Natural Gas (LNG) represented a third of those exports.
Speaking at the Qatari-South Korean Economic Forum, the minister said that bilateral trade volume was at $27bn in 2013, making South Korea the second biggest trade partner of Qatar.
He said there were 34 Korean companies operating in Qatar with a combined capital exceeding $1bn. Joint Qatari-Korean companies numbered 115, with a capital of $2bn.
Addressing the forum, Qatar Chamber of Commerce and Industry (QCCI) chairman Sheikh Khalifa bin Jassim al-Thani praised the contribution of Korean companies in the establishment of many development projects not only in Qatar, but also in other GCC states.
South Korean President Park Geun-hye attended the forum with representative of 80 Korean companies.