Korean conglomerates have 140 local offices operating in the Middle East, industry data showed Wednesday, with ongoing regional geopolitics expected to pose risks to their ongoing projects. According to the data compiled by the Korea CXO Institute, 92 large business groups were found to operate 140 offices in total across 10 Middle Eastern countries out of their total 6,362 international offices. Samsung Group has 28 Middle Eastern offices, including 10 in the United Arab Emirates (UAE), six in Saudi Arabia and five in Israel. Hyundai Motor Group runs 14 offices in the region, including six in the UAE and four in Saudi Arabia, while LG Group has 14 Middle Eastern offices, including seven in the UAE. By country, the UAE served as home to 56 Korean corporate offices, followed by Saudi Arabia and Oman, with 38 and 12 offices, respectively. In Iran, there are four local units, with SK Group, Hyundai Motor Group, JungHeung Construction and KT&G each operating one. The institute noted that if the Middle East situation prolongs, disruptions in the crude oil supply and demand, rising energy prices
