Poland ready to welcome more Korean investment: business manager


Polish Chargé d’Affaires Arletta Brzozowska speaks during the second session of the Korea Herald’s Global Biz Forum in Gangnam-gu, Seoul on May 11. (Jenny Sung)

Polish-Korean cooperation is flourishing and Poland is ready to welcome more Korean investment, Polish Chargé d’Affaires Arletta Brzozowska said during her opening remarks at the second edition of the Korea Herald’s World Business Forum. May 11 in Seoul.

The forum, a 13-week event held every Wednesday, aims to share and enhance the knowledge of the international community, explore overseas investment opportunities and expand business networks.

“Poland is a particularly popular destination for Korean investment,” Brzozowska said, adding that there are more than 270 Korean companies operating in Poland, and Korea is one of the biggest non-EU investors in her country. .

Inviting the attending CEOs to attend the Poland Business Week in Seoul aimed at promoting Polish companies operating in the fields of new and advanced technologies, she said Polish companies are also looking to expand into the Korean market.

According to Brzozowska, Poland Business Week promoted Polish companies from sectors such as fintech, cybersecurity, drones, games, yachts and boats, and medical devices and equipment in 2021.

Brzozowska referred to 2021 estimates citing Korea as the largest foreign investor in Poland with an investment volume reaching nearly $2 billion.

Polish Chargé d’Affaires Arletta Brzozowska discusses opportunities in Poland and Poland Business Week with CEOs attending the Korea Herald’s Global Biz Forum in Gangnam-gu, Seoul on May 11. (Sanjay Kumar/The Korea Herald)

“A large number of Korean chaebols are present in Poland, including groups such as: LG, Samsung, SK, Hyundai, Halla, Posco, Doosan and Lotte,” Brzozowska said, mentioning Incheon International Airport Corporation as a strategic advisor for a new airport project in Poland — the Solidarity Transport Hub.

Brzozowska said Poland’s economy has weathered the COVID-19 pandemic relatively well, maintaining the country’s value as an investment destination.

“Poland’s GDP only decreased by 2.5% in 2020 and increased up to 5.7% in 2021,” Brzozowska said, pointing out that Poland’s economy is now back to pre-levels. the pandemic.

She pointed out that Poland has remained an attractive country for foreign investment throughout the pandemic, citing CEO magazine, which ranked Poland the third most attractive post-COVID investment destination in the world in May. 2020.

“The volume of foreign investment in Poland in 2021 is estimated at $24.8 billion, an increase of 82% on an annual basis,” Brzozowska stressed.

She cited the automotive industry, appliance and appliance production, R&D and modern business services as the most attractive sectors for foreign direct investment.

By Sanjay Kumar ([email protected])

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