Prince Alwaleed with the former South Korean president during the meeting.

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office Lee Myung-bak, former president of Korea and an accompanying delegation.

The delegation included Yoon Jeung-hyun, former minister of finance and economy, Hong Seok-woo, former minister of Knowledge Economy, Im Jae-hyun, chief of staff to President Lee, Kim Jin-soo, South Korean ambassador to Saudi Arabia and Huh Tae-wan, minister/deputy head of mission.

The meeting began as Prince Alwaleed welcomed Lee Myung-bak and the accompanying delegation.

During the meeting, the two discussed a number of social and economic issues, and Lee Myung-bak commended Prince Alwaleed for his support to the Republic of Korea on the economic front.

Also on the agenda of discussions was an invitation to Prince Alwaleed to visit Korea.

In response, Prince Alwaleed promised to visit Korea in the near future.

Prince Alwaleed’s investment in Korea through KHC is in the financial sector via Citigroup.

Prince Alwaleed also had investments in Korea in both Daewoo Corporation and Hyundai Motors.

The meeting was also attended by a delegation from KHC.

It included Sarmad Zok, chairman and CEO of KHI and member of KHC’s board of directors, CFO, Adel Alsayed, executive director for private equity, International Investments, Mohammed Fahmy, KHC’s, Mohammad Al-Mujadid, senior executive manager, office of the chairman, Heba Fatani, senior executive manager, corporate communications Department (CCD), Intisar Al-Yamani, executive manager, CCD and Naief AlZuhair, manager website and social media.

From prince’s private office the delegation included Nada Alsugair, executive director, Finance and Administration and Samir Anabtawi, academic adviser to the chairman.

In 1999, Prince Alwaleed was awarded “The Diplomatic Merit of the Heung Korean”; by former President Kim Dae–jung in recognition of the prince’s investments in Korea.

In 1998, the prince had visited Korea and met with the country’s former President Kim Dae-jung at the Blue House.

Prince Alwaleed received an honorary doctorate in business management from Kyungwon University in Seoul, Korea.

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