Croatian-South Korean Economic Forum Held in Zagreb

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 ZAGREB, November 29, 2018 – Economic cooperation between Croatia and South Korea is increasing but not as fast as it could, heard the Croatian-South Korean Economic Forum of Croatian and Korean business people held in Zagreb on Thursday.

The South Korean Embassy in Croatia and the South Korean Business Centre organised the forum to connect South Korean and Croatian companies.

Special advisor to President Kolinda Grabar-Kitarović and advisor in the Croatian Chamber of Commerce Marko Jurčić said that cooperation between Croatia and South Korea was increasing, adding that opening the Croatian embassy in Seoul and launching a direct flight connecting the two capitals helped in that.

“As for foreign direct investment, we must focus on attracting investments from South Korea, as we haven’t been very successful in that department so far, unlike other countries in Croatia’s neighbourhood,” Jurčić said.

According to the latest figures provided by the Croatian national statistical office, in the first eight months of this year, Croatia’s exports to South Korea rose by as much as 117.5% on the year, reaching 509.33 million kuna. At the same time, imports from South Korea rose by 51% to approximately 917 million kuna.

Over the past several years, bilateral trade had not exceeded 340 million euro. Should efforts invested in boosting the economic cooperation continue, I am confident that the trade volume would more than double, said Jaeheung Park of the South Korean Ministry of Trade, Industry and Energy.

For more on the relations between Croatia and South Korea, click here.


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