CCIR Delegation, Economic Mission in South Korea
Publicat pe 14/11/2018
Republic of Korea, Seoul, November 14th, 2018: The President of the Chamber of Commerce and Industry of Romania (CCIR), Mr. Mihai Daraban, leads Romanian businessmen delegation to the Republic of Korea.
The economic mission takes place in Seoul on November 12th-17th, and seeks to strengthen bilateral trade relations, including opening new access routes from and to the South Korean market.
During the visit, the CCIR delegation met with Mr. Joong-Hyun Jough, director of the International Co-operation Office of the Korea Association of Importers Association, Koima, an institution with more than 46 years of experience, the only private organization in the country dedicated exclusively to facilitating imports for the development of the national industry. Koima represents the interests of more than 8,500 members and has 21 representations in different states of the world.
The President of CCIR, Mr. Mihai Daraban said: “On the occasion of my visit to South Korea, I reiterate my conviction that there is a great potential for developing economic and trade relations with Korean partners, but in this respect, Romanian products need investment in promotion, being insufficiently known. At the same time, we must support the opening of production units in our country in any field, whether we are talking about cars, machinery, electronics, consumables or food. Romania has resources, we just need to know how to value them. Products made in Romania can also reach the South Korean market through fair price competitiveness, by promoting Romanian brands and in the context of a stable economic climate”.
The delegation present in Seoul includes representatives of Romanian companies in the shipbuilding, transport, infrastructure and IT sector.
According to ONRC data, the total value of trade between Romania and the Republic of Korea, registered in July 2018, amounted to 340.3 million Euro. 253 Korean companies operate in Romania, with a total subscribed capital of 200.42 million Euros.
Between Romania and the Republic of Korea there are exchanges of products such as plastics, rubber, food, vegetable products, beverages and tobacco, machinery and appliances, textile products, optical instruments and devices, electronic products, chemicals and others.
Over the last decade, the South Korean economy has become one of the world’s major economies (13th), being the world’s sixth world consumer. The Republic of Korea is one of the most advanced countries in the world in the IT field and has 21 nuclear power plants.