Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Minister of Economy and Industry Bogdan Bogdanov visits Seoul

Korean technology giant interested in joint projects with Bulgaria

Minister of Economy Bogdan Bogdanov (C) with representatives of a Korean corporation in South Korea.
Photo: Ministry of Economy and Industry

Minister of Economy and Industry Bogdan Bogdanov has discussed new areas of cooperation and implementing joint projects in Bulgaria with the Vice-President of a Korean technology giant, the Ministry of Economy and Industry said. The company is a world leader in innovation and a manufacturer of industrial electronic components, batteries, energy storage systems, etc, Bulgarian news agency BTA reported. 

This meeting in the company headquarters in South Korea focused on how Bulgaria could provide a supply chain for the company's new plant, train and prepare local experts, build infrastructure and provide financial incentives. 

The Ministry of Economy and Industry announced two days ago that Bulgaria and South Korea would sign a memorandum on bilateral trade and investment promotion. According to the ministry, in the first nine months of 2023, total trade with South Korea was worth $344.7 million, an increase of 27.2 per cent compared with the same period in 2022. Bulgarian exports grew by 64.7% and were worth almost USD 187 million.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian National Bank

Bulgarian National Bank places bonds with new short-term and medium-term domestic debt

On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..

published on 1/22/25 11:05 AM

Bulgaria will request a new report from the European Commission on its readiness to join the euro

Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..

published on 1/21/25 8:46 AM

Employers present their views on improving the business environment in Bulgaria

Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers.  "Romania was..

published on 1/20/25 1:54 PM