Korea, Saudi Arabia on 'right path' to forge closer cooperation

SEOGWIPO, South Korea, Oct. 14 (Yonhap) -- South Korea and Saudi Arabia are on the "right path" to forge closer cooperation, Saudi Prince Turki al-Faisal said Friday, as the two nations continue talks that could pave the way for Seoul to build atomic power plants in Riyadh. Saudi Arabia, the world's biggest exporter of crude oil, plans to spend more than US$100 billion to build at least 16 nuclear power plants across the oil-rich nation to meet rising demand for electricity and maintain its current oil export levels, Faisal told a regional forum in Seogwipo, a city on South Korea's southern resort island of Jeju.