FKI: "The Best Outcome of Yoon's Visit to Poland is Participation in Ukraine Reconstruction"

Performance Survey for 89 Companies Participating in the Polish Economic Delegation

Expanding opportunities for domestic companies to participate in Ukraine reconstruction projects was cited as the greatest achievement of President Yoon Suk-yeol's visit to Poland. Companies recognized Poland as a foothold for entering the European market and as a base for Ukraine reconstruction.

On the 23rd, the Federation of Korean Industries (FKI) conducted a survey of 89 companies that accompanied President Yoon's delegation to Poland. The results showed that 91.3% were satisfied with the outcomes of the Poland visit (59.4% very satisfied, 31.9% satisfied). Companies identified the biggest achievement as the expansion of opportunities for Korean companies to participate in Ukraine reconstruction projects (36.3%). Other key achievements included creating opportunities to expand exports and orders to Poland (24.6%) and expanding cooperation opportunities with major European countries (17.4%).

Regarding business achievements, the most common was seeking business expansion opportunities such as signing memorandums of understanding (MOUs) with local companies (30.5%). Other achievements included ▲improved understanding of the Polish market environment (27.5%) and ▲participation in Ukraine reconstruction projects through building cooperative relationships with Polish companies (21.7%).

Meanwhile, 94.2% of respondent companies viewed the continuous establishment of cooperative relations between Korea and Poland as having a positive effect on the business environment. Specifically, they evaluated that it would help the business environment in areas such as establishing a foundation for entering the European market through expansion into Poland (49.3%), expanding joint ventures and joint projects between Korean and Polish companies (24.6%), and stabilizing the business environment by securing new supply chains within Europe including Poland (11.6%).

Major cooperation tasks between Korean and Polish companies were identified as strengthening cooperation in key sectors such as energy, plants, and defense (30.5%), expanding cooperation for Ukraine infrastructure reconstruction (29.7%), and joint entry into third markets such as European countries (14.8%). When asked about policy tasks for building continuous business cooperation with Poland in the future, companies most frequently mentioned support for technology cooperation and joint research and development (R&D) in next-generation advanced fields (24.7%). The FKI analyzed that this was due to the rapid increase in the need for cooperation in advanced industries as companies in the defense, battery, and energy sectors actively enter Poland.

The biggest elements companies hope for from the private economic sector included ▲leading the activation of Korea-Poland corporate networks (42.7%), ▲government policy proposals to promote Korean companies’ entry into the Central European market (20.5%), and ▲providing information on changes in the Polish and Central European market environments (19.7%).

Kim Bong-man, head of the FKI International Headquarters, said, “With the first Korean head of state visiting Poland in 14 years and the successful conclusion of frameworks such as the Trade and Investment Promotion Framework (TIPF) following the bilateral summit, cooperation between our companies and Poland is expected to become more active.” He added, “It is important to note that Poland is being mentioned as a base for expanding economic cooperation with Europe, especially for Ukraine reconstruction.”

This content was produced with the assistance of AI translation services.