Home > News
29 September 2014

Poland and Korea - two decades of investment cooperation

”We are ready to help and support our Korean partners”, said PAIiIZ president, Sławomir Majman during Polish-Korean Business Forum. The meeting was officially opened by deputy prime minister Janusz Piechociński.

“Poland needs a more advanced partnership with South Korea”, argued deputy prime minister Janusz Piechociński. The discussion during the Forum focused on cooperation in the environmental protection sector. “We have much in common in this area and we are able to share mutual experience is renewable energy or saving of raw materials”, he added. Janusz Piechociński also noted that the Korean capital has played a very significant role in Poland. “Korean investments arrived to Poland, when it still was not clear if Poland will be a land of success”, he stressed.

Participants of Polish - Korean Business Forum (source: PAP)

2014 is a year of 25th anniversary of establishing Polish-Korean economic and diplomatic relations. “In 1989 the value of trade exchange between Poland and Korea didn’t exceed $70mln while last year it reached $ 4,3 billion. This is the 60-fold increase! Currently, about 120 Korean companies operate in the Polish market”, said deputy president of the Korean investment agency, KOTRA Kim, Seong Soo. He added that Poland is crucial for Korea due to its location in the centre of Europe. “In the 90s Korean investments were in fact synonymous of investments”, said PAIiIZ president Sławomir Majman. Now, Korean companies employ 20,000 people in Poland and our country is the seventh Korean investment direction in the European Union. "We see great opportunities for Korean business: diversification, extension of scale of business sectors in such areas as: R&D, pharmacy, infrastructure or centres of modern business services. We are ready to assist and support our Korean partners", argued president Majman.

Currently PAIiIZ supports 6 investment projects with total value of Euro 112m., which in future will create 1382 new jobs.

Polish - Korean Business Forum lass until 30 September. PAIiIZ took patronage over the event.

Polish Investment and Trade Agency

Krucza St. 50

00-025 Warsaw

All rights reserved. Legal disclaimer

This website uses cookies. Use of this site constitutes agreement to the record or use.
For more information, see our Privacy Policy. I accept the Privacy Policy zamknij