The Republic of Korea recognizes Serbia as one of the most important investment destinations in Europe and is ready to continue investing in our country by opening new factories, as well as working on joint projects with Serbian companies in the spheres of energy, information, and communication technologies, e-mobility, and food industry, it was said at the third investment forum "Korea - Western Balkans" in Belgrade.
"Korean partners are extremely interested in the Western Balkans and Serbia. Cooperation with Korea, which is the fourth Asian economy, the tenth economy in the world, and the seventh largest exporter in the world, is extremely important. They need food, they are big importers of copper products from Serbia, as well as corn," says Mihailo Vesović, Director of the Sector for Strategic Analysis, Services and Internationalization of the Chamber of Commerce and Industry of Serbia.
Serbia is interested in technological cooperation with R. Korea, especially in the field of energy and the transfer of knowledge and experience in the sphere of the use of nuclear energy, food production, solutions in the field of "smart cities" and digital transformation.
H.E. Jaewoong LEE, Ambassador of Korea to Serbia, says that Korean companies in our country employ about 10,000 people, mostly in the field of the automotive industry, and that in the coming period, the goal is to increase trade between the two countries and open new Korean factories in Serbia.
"Our idea is to additionally represent Serbia as an investment destination, to help promote Serbia in this way, and for as many Korean companies as possible to open their representative offices in your country in the future," said Jaewoong.
16 Korean companies and 90 domestic and regional companies participated in the forum, and around 100 B2B meetings were held.
The total foreign trade exchange with the Republic of Korea amounted to 418.3 million euros in 2021, while in the first six months of this year, the exchange of goods reached the figure of 295.4 million euros.
The third investment forum "Korea - Western Balkans" was organized by the Embassy of the Republic of Korea in Belgrade, the Korean Trade and Investment Promotion Agency (KOTRA), the Korean National Information Agency (NIA), in cooperation with the Chamber of Commerce and Industry of Serbia.