Korea

Poland pursuing more investments from S. Korea

Polish minister of finance Tadeusz Koscinski is encouraging South Korean firms to explore business opportunities in Poland’s transportation and energy sectors.

According to Koscinski, he is “more than happy” with the significant presence of top South Korean companies in Poland’s manufacturing sector.

Poland wants to boost bilateral ties with South Korea beyond e-mobility to make a strong rebound from the fallout of the COVID-19 pandemic.

South Korea is the largest Asian investor in Poland, with the cumulative value of foreign direct investment reaching $2.2 billion as of 2019.

Koscinski added that their trade turnover grew dynamically before the pandemic and hopes the two countries successfully continue bilateral trade and investment relations in the future.

South Korean firms have been investing heavily in Poland in various industries, including electric vehicle batteries, electronics, engineering, auto parts, and the chemical industry.

Koscinski said he expects “fruitful collaboration” in the e-mobility and cybersecurity sectors,

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