President Moon's Meeting with UAE Crown Prince Fails... Cheongung-II Export

UAE Requests Understanding for "Unavoidable Reasons"... Cheongung-II Exported at Maximum Value of 4 Trillion Won

[Asia Economy Reporter Ryu Jeong-min] The Korea-United Arab Emirates (UAE) summit between President Moon Jae-in and Muhammad bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has been canceled. It is reported that the UAE side requested understanding due to unavoidable reasons.

A senior Blue House official told reporters on the 16th (local time) that the summit was planned for the 17th, but the Crown Prince could not attend due to unavoidable circumstances. The Blue House said that the UAE side politely requested understanding but did not disclose specific details.

The UAE side reportedly described it as an 'unforeseen and urgent matter of state.'

[Image source=Yonhap News]

Meanwhile, on the 16th (local time), the Defense Acquisition Program Administration announced that the UAE Ministry of Defense decided to acquire Korea's Cheongung-II (M-SAM2, medium-range surface-to-air missile), and contracts were signed respectively with domestic defense companies LIG Nex1, Hanwha Systems, Hanwha Defense, and UAE's TTI.

The contract scale is about 3.5 billion dollars (approximately 4.1 trillion won), reportedly the largest single domestic weapon contract.

On the 16th (local time), President Moon expressed his pleasure at the smooth progress of the project during a meeting with Muhammad bin Rashid Al Maktoum, UAE Prime Minister and Ruler of Dubai, at the Dubai Expo venue, regarding the confirmed purchase contract for Cheongung-II.

This content was produced with the assistance of AI translation services.