SEOUL, Sept. 6 (Yonhap) — The chairperson of the Saudi Arabian Oil Company and governor of the nation’s sovereign wealth fund, the Public Investment Fund, Yasir bin Othman Al-Rumayyan, will be in South Korea for a three-day visit starting later in the day, according to industry sources.
This will be his second time in the country, having attended the inauguration of President Yoon Suk Yeol in May last year. Al-Rumayyan is expected to meet with government officials and corporate executives, such as the CEO of HD Hyundai, Chung Ki-sun, to discuss methods to enhance cooperation.
Saudi Aramco is the primary shareholder of S-Oil, South Korea’s third-largest oil refiner, and is also the second-largest shareholder of Hyundai Oilbank Co., the oil refinery arm of HD Hyundai.
In this photo taken May 11, 2022, South Korean President Yoon Suk Yeol (R) is seen with Yasir bin Othman Al-Rumayyan, chairman of Saudi Aramco’s board of directors and the governor of the Public Investment Fund, at the presidential office in Seoul. (Yonhap)
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