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Abu Dhabi’s $718 bn Sovereign Wealth Fund Opens Doors to S. Korea
2011.03.28 16:50:38 | 2011.03.28 18:02:59

[Abu Dhabi’s $718 bn Sovereign Wealth Fund Opens Doors to S. Korea] 기사의 본문 이미지

The Abu Dhabi Investment Authority (ADIA) - one of the world’s top five sovereign wealth funds based in Abu Dhabi, the United Arab Emirates (UAE) with total funds up to 800 trillion won ($718.0 billion) - will be using South Korean securities companies as its new trading window. Additionally, talks are making headway for cooperation in semiconductor technology between the UAE, the world’s second largest system semiconductor manufacturer, and Korea, the world’s No. 1 producer of memory semiconductors.

The Korean government announced on Monday that it has signed a memorandum of understanding (MOU) outlining the above with a strategic planning unit within the Abu Dhabi government. More specifically, the MOU covers joint investment and mutual cooperation in finance, semiconductor, and media/contents through access to financial firms, teamwork in production and sales of system semiconductors, and joint development and assistance in the media and contents sector.

ADIA is planning to sign a contract with Korea’s National Pension Services (NPS) and Korea Investment Corporation (KIC) for joint investment and mutual assistance in global finance. The partnership between the 800 trillion won ADIA and 300 trillion won NPS will mark the birth of a powerful market maker in the global financial market. Furthermore, the joint investment deal will allow Korean companies access to the vast hoard of the Middle East’s oil money.

In the semiconductor field, Korea will be bettering its weakness in system semiconductor technology by signing an official contract outlining cooperation with Abu Dhabi by the second half of this year. The deal may also feature a joint venture in system semiconductor technology.

For media and contents, both countries will set up a joint investment fund to foster the contents industry and launch joint development projects on contents-related production technology.

[Written by Jin-myung Lee - Samji Chung / edited by Soyoung Chung]

[ⓒ Maeil Business Newspaper &, All rights reserved]

Korean View
800조원 아부다비 국부펀드, 국민연금·KIC와 손잡는다
세계금융시장 투자…시스템반도체 공동생산ㆍ판매

800조원에 달하는 아부다비 국부펀드가 국내 연기금ㆍ한국투자공사(KIC) 등과 손잡고 공동 투자에 나선다. 또 아부다비 펀드가 한국 증시에 투자할 때 앞으로는 국내 증권사를 거래창구로 활용할 수 있게 돼 국내 증권사가 상당한 수수료 수입을 올릴 수 있을 것으로 기대된다.

이와 함께 세계 2위 시스템반도체 제조국인 아랍에미리트(UAE)와 메모리반도체 분야 1위인 한국이 공동 출자해 시스템반도체 전문기업을 설립하는 방안도 추진된다.

대통령 직속 미래기획위원회는 28일 이 같은 내용의 양해각서(MOU)를 UAE 아부다비 정부 미래전략..

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