Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah met here today South Korean Minister of Knowledge Economy Hong Suk-woo. During the meeting, they discussed trade and industrial relations between the two friendly countries, means of boosting cooperation and benefitting from the available opportunities as well as prospects of promoting trade and industrial cooperation by encouraging the private sector in both countries. It is worth mentioning that the volume of trade exchange between the two countries in 2010 amounted to SR 110,220 million, comprising exports valued at SR 92,431 million and imports accounting for SR 17,789 million.