BCCI strengthens its cooperation with partners from the Republic of Korea

As a member of the delegation accompanying the Prime Minister of the Republic of Bulgaria Boyko Borisov on his official visit to the Republic of Korea, the President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov met with Sohn Kyung-shik, Chairman of the Korea Enterprises Federation to discuss the role of employers’ organizations in supporting partnerships between companies and the workforce, building strong economic competitiveness at national level, stabilizing the industrial relations and creating more jobs.

Tsvetan Simeonov presented the main features of the Bulgarian economy and investment opportunities, as well as specific successes of the various sectors of economy.

The President of BCCI also met with Deogho Seo, CEO of GS1 Korea.

Later on, Tsvetan Simeonov participated in the Bulgarian – Korean Business Forum in Seoul, organized by the Korea Chamber of Commerce and Industry which is a partner of BCCI.

In his opening speech at the forum, the Vice-Chairman of KCCI Kim Jun-dong outlined the bilateral economic relations. He paid special attention to the achievements of Bulgaria in the IT sector and its ambition to be an IT-hub on the Balkans.

The Bulgarian Minister of Economy Emil Karanikolov informed the forum participants that in 2018 trade between Bulgaria and the Republic of Korea grew by 48%, reaching USD 286.6 million. The Minister emphasized that our country is ready to expand its support for future Korean projects in Bulgaria, especially in the field of automotive industry, electronics and electrical equipment, high-tech and innovative industries. “Bulgaria is committed to developing innovative high value-added industries. Our economic policy is focused on expanding various sectors such as information and telecommunication technologies, environmental technologies and innovation”, he added.

The forum was attended by more than 50 representatives of Korean and Bulgarian companies from leading sectors, as well as representatives of the scientific circles from both countries.

During the forum, seven bilateral Memorandums on Economic Cooperation were signed.