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Minister Nikola Stoyanov met with the Mayor of Busan, South Korea

Minister Nikola Stoyanov met with the Mayor of Busan, South Korea

Minister of Economy and Industry Nikola Stoyanov held a meeting with Park Heong-joon, Mayor of Busan, South Korea. The meeting was also attended by the Ambassador of the Republic of Korea to Bulgaria H.E. Lee Ho-shik and the President of the Busan Chamber of Commerce and Industry Jung In-hwa.

Minister Stoyanov stressed that in 2021, the total trade with Korea amounts to over USD 400 million and marks a growth of over 60%. “These figures show definite progress in our economic relations, but I am sure that with more bilateral initiatives, we can surpass these numbers many times over,” Minister Stoyanov stressed.

Minister Nikola Stoyanov met with the Mayor of Busan, South Korea

During the meeting, Park Heong-joon handed over a letter on behalf of Korean President Yoon Suk-Yeol expressing the Republic of Korea’s desire to deepen bilateral cooperation in a number of areas of mutual interest. “South Korea is a traditional and priority partner of Bulgaria and I am sure that together we will work to intensify and deepen the socio-economic ties between our two countries,” Minister Stoyanov said.

The two sides agreed that there is huge potential in sectors such as digitisation, energy (with a focus on green energy) and the defence industry.

During the meeting, the Mayor of Busan presented the city’s candidacy to host the World Expo 2030.

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