Bilateral trade with the Republic of Korea grew in the first 6 months
In the first 6 months of this year, bilateral trade between Bulgaria and the Republic of Korea reached 163.4 million dollars, an increase of 10% compared to the same period last year. This was announced by Deputy Minister of Economy and Industry Nikolay Pavlov at a meeting of the Bulgarian-Korean Business Club.
The forum was organized by the Korea Trade and Investment Promotion Agency KOTRA, which has 126 offices in 86 countries around the world. The meeting was attended by the Director of the Agency Ms. Youssef Huang, H.E. Ambassador of the Republic of Korea in Bulgaria Be Jongin, as well as representatives of Bulgarian and Korean companies.
Korea is a strategic partner of Bulgaria in the East Asian region. “Our country is interested in continuing bilateral relations in trade and economic sphere and sees potential for their development,” Deputy Minister Pavlov said. Bulgaria seeks to attract more Korean investments in the fields of information and communication technologies, high technologies, scientific research, automotive, transport, energy, healthcare, etc.
According to the deputy minister of economy, the level of Korean investments in Bulgaria does not correspond to the opportunities for cooperation the two countries have. He stressed that the countries have unrealised economic potential, which should be encouraged.
Ambassador of the Republic of Korea H. E. Be Zhongin announced that after the difficult years of the pandemic, investments in various sectors in Bulgaria are being discussed today, including energy, automotive, information technology, etc.