Photo credit: Retailo

Two countries, one mission

• South Korea and Saudi Arabia came together at the Saudi-Korean Investment Forum 2023, and a total of 46 memorandums of understanding (MOU) and contracts were signed in sectors ranging from transportation, tourism, energy, renewable energy, technology, infrastructure, to cybersecurity.
• These agreements aim to strengthen investments between both countries, reflecting their ongoing efforts towards integration and collaboration.
• One of them is between 500-backed retail supply chain tech startup Retailo and Dtonic Corporation, a spin-off company from Hyundai Motor Company specializing in big data solutions.
• Under the Invest Saudi initiative, Dtonic is investing US$1.5M into Retailo, marking a collective step towards achieving a shared mission of digitalizing the retail landscape of Saudi Arabia.
• Congratulations to the Retailo team!
• Read the announcement here.