Business News

Business Forum Boosting Trade with South Korea

Brdo pri Kranju, 16 June (STA) - Slovenian and South Korean business executives gathered for a business forum at Brdo pri Kranju on Wednesday to boost cooperation and trade between the two countries. Korean Ambassador Shim Yoon-joe said in his address that he believes in unlimited potential of Slovenians and in the success of a intense strategic partnership.

The forum organised by the Centre for Competitiveness of the Chamber of Commerce and Industry (GZS) was opened by President Danilo Tuerk, who spurred the current visit by a Korean business delegation with his visit to South Korean President Lee Myung-bak in 2009.

Tuerk sees improved cooperation as an opportunity for an easier fight against recession, especially after last year's free trade agreement between the EU and South Korea.

The president thus called for an increase in trade and better import-export balance, as Slovenia makes more than half of its exports in the EU, while he thinks the country should take a look further.

The ambassador explained that the delegation has already been to Croatia and Bulgaria as part of the visit to Europe, but stressed that the main destination was Slovenia, where the business executives are especially interested in the port, airport and railway capacities and in nuclear energy and IT.

According to Yoon-joe, the Koper port is ideal for Korean companies to reach the markets of Central Europe and he expects the forum will yield concrete parameters for deepening the cooperation.

The official statistics show that Slovenia's exported EUR 17.5m worth of goods to South Korea in 2009, mostly metalware, medicines and electronic devices. Imports amounted to almost EUR 138m, mostly in cars, oils, synthetic rubber and television sets.

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