South Korean President Yoon Suk Yeol has received an honor guard welcome on a trip to the United Arab Emirates. The UAE is where Seoul hopes to expand its military sales while finishing its construction of the Arabian Peninsula’s first nuclear power plant.
But South Korea’s biggest project remains the Barakah nuclear power plant, Seoul’s first attempt to build atomic reactors abroad. The $20 billion facility, which ultimately will have four reactors, is in the UAE’s western deserts near the Saudi border and one day will account for nearly a quarter of all of the Emirates’ power needs.
, offering a cash stream to Pyongyang as it seeks to evade mounting sanctions over its nuclear program. However, a crackdown has seen their numbers drastically drop as nations stopped renewing their visas. A recent U.N. expert report did note that high-end camera gear bought in the UAE ended up in North Korea, while another mentioned a North Korean national living in Dubai obtaining foreign currency through an online app by lying about his nationality.
The U.N. also said as recently as 2021 it had information about North Korean diplomats in Iran flying on Dubai-based long-haul carrier Emirates smuggling gold with them.
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