Bulgarian Prime Minister’s visit to South Korea continues

The first day of Bulgarian Prime Minister Borissov’s visit to South Korea began with laying wreaths at the Seoul National Cemetery, where hundreds of thousands of Koreans who participated in the Korean and Vietnamese independence movements were buried.

The Prime Minister later visited the Hyundai Research Centre in Huasong, located about 50 km from the South Korean capital.

Bulgaria and South Korea have been discussing for a few months now a major investment of about $ 1 billion and 500 million to open an electric vehicle battery plant in Bulgaria.

Negotiations are expected to begin on the participation of Bulgaria in the production programme for T-50 light training fighter jets, which are a joint production between South Korea and the American company Lockheed Martin, the supplier of F-16 fighter jets to Bulgaria.

The interest of South Korean business in Bulgaria is increasing. Direct investments from South Korea to Bulgaria amount to EUR 213 million, which places it among the 30 countries with the highest investments in Bulgaria.

There are 249 companies with Korean participation in Bulgaria. The trade between the two countries for 2018 has grown by almost 50%.

In the course of his visit, Borissov will meet with Prime Minister of the Republic of Korea Lee Nak-yon and President Moon Jae-in.