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South Korea Provides Food for Syrian Refugees in Iraq

The United Nations World Food Programme (WFP) welcomed a contribution of US$1.5 million from the Republic of Korea that will provide food assistance for some 30,000 vulnerable Syrian refugees in the Kurdistan Region of Iraq for two months. Song Woong-Yeob (pictured), Ambassador of the Republic of Korea to Iraq, said: “In the aftermath of conflict, […]

Korea’s Support is Helping Iraqi Returnees

The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed a partnership agreement today for US$4 million to support stabilization and recovery in newly liberated areas in Iraq. Korea’s contribution will be channeled through UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas retaken from ISIL. This is […]

S. Korea to Train Public Employees in Iraq

KRG Prime Minister Nechirvan Barzani received Mr. Park Young-Kyu, the Consul General of Korea, and his accompanying delegation, in Erbil. Mr. Park conveyed a letter from Mr. Moon Jae-In, President of the Republic of Korea, inviting stronger relations between Erbil and Seoul. He expressed Korea’s readiness to cooperate with the Kurdistan Region on technology development and […]

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S. Korea Eager to Support Iraq

By John Lee. Prime Minister Haider Al-Abadi has received in his office the South Korea Minister of Land, Infrastructure and Transport, Kang Hoin, and his delegation, to discuss cooperation in transportation, training, energy and infrastructure. Minister Hion expressed his eagerness to support Iraq in its post-Daesh development program, adding that because South Korea has the […]

S Korea keen to Improve Ties with Iraq

By John Lee. South Korea’s Acting President and Prime Minister has asked for Iraq’s cooperation in bolstering economic cooperation. During a meeting with Iraq’s Foreign Minister Ibrahim Al-Jaafari in Seoul on Monday, Hwang Kyo-ahn (pictured) said: “The two countries have developed their cooperative ties based on a long history of cooperation and a mutually complementary […]

South Oil Company takes over Oxy’s stake in Zubair

By John Lee. The South Oil Company (SOC) has officially taken over the stake in the Zubair oil field formerly held by US-based Occidental Petroleum, which has withdrawn from the project. Repressentatives of Italy’s Eni and the Korea Gas Corporation (KOGAS) signed the agreement along with the Ministry of Oil. Mr. Laith Al-Shaher, the director general […]

KNOC drops Sangaw South Project

By John Lee. The Korea National Oil Corporation (KNOC) is to withdraw from the Sangaw South oil field project in Iraqi Kurdistan. A spokesman for the company told Reuters that exploration results were “uneconomic.” A Korean consortium headed by KNOC holds 60 percent of the project, with half of that owned by KNOC. KNOC has […]

Daewoong Pharma to Export Drugs to Iraq

By John Lee. South Korea’s Daewoong Pharmaceutical has signed a US$25-million contract with Ibn Cina Drug Stores to supply six products to Jordan and Iraq. According to the Korea Herald, the local partner will distribute: Ursa, for liver function improvement; Orlostar, for high blood pressure and hyperlipidemia; Easyef for diabetic foot ulcer; Daewoong pitavastatin calcium […]

Karbala Refinery Project “Halted … Solvency Concerns”

By John Lee. Work on a the $6-billion Karbala Refinery Project has reportedly been suspended. According to Korea Times, the work has been halted “due to the Iraqi government’s late construction payment, raising concerns about its solvency.” The Engineer, Procure and Construct (EPC) contractor for the Karbala Refinery Project is HDGSK, a South Korean joint […]