KOTRA Holds 'Business Forum' to Support Investment Expansion in Poland

by Kim Pyeonghwa

Published 26 Apr.2024 08:28(KST)

Collaboration Between Invest Korea and Poland Investment and Trade Agency

KOTRA held the 'Korea-Poland Business Forum 2024' on the 25th at the Westin Chosun Hotel in Seoul in collaboration with the Polish Investment and Trade Agency. This forum was organized by Invest KOREA, the national investment promotion agency, in cooperation with the Polish Investment and Trade Agency to support domestic manufacturing companies' investment expansion into Poland. It follows the Poland summit diplomacy in July last year and aims to continuously expand economic cooperation between the two countries.

Participants are taking a commemorative photo at the "Korea-Poland Business Forum 2024" held on the 25th at the Westin Chosun Hotel in Seoul, organized by KOTRA and the Polish Investment and Trade Agency. / Photo by KOTRA

In the first part of the forum, under the theme "Poland, the Center of Innovation and Technology," the Polish Investment and Trade Agency introduced the overall investment environment in manufacturing and research & development (R&D) sectors. Invest KOREA's Investment M&A team analyzed and presented major investment opportunities in Poland by industry. SK Hynix shared its overseas business operations and global R&D experience.

The second session, titled "In-depth Exploration of Poland," introduced detailed entry information into specific sectors, including ways to enter the highly interested Ukrainian reconstruction market. During the afternoon consultation session, Invest KOREA and the Polish Trade and Investment Representative Office provided tailored consulting to participating companies who had applied in advance.

Kim Tae-hyung, CEO of Invest KOREA, said in his congratulatory speech, "Poland is Korea's largest trading and investment partner in Central and Eastern Europe, and Korea ranks first among non-European investors in Poland, making us mutually important partner countries. Going forward, economic cooperation between the two countries will diversify and advance into high-tech industries such as clean energy, next-generation batteries, and electric vehicles, increasing the importance of our future-oriented partnership."

Invest KOREA operates 'Korean Investment Enterprise Support Centers' in 20 locations across 15 countries worldwide, including Warsaw, to support Korean companies' investment expansion and successful settlement. Additionally, to support overseas expansion through M&A, it has 37 M&A bases in 26 countries. Consulting is provided throughout the entire M&A cycle, from discovering M&A targets to post-acquisition integration.