Bulgaria and the Republic of Korea Outlined New Prospects for Expanding Cooperation
02 November 2026 News
Deputy Minister of Foreign Affairs Hristo Polendakov held a meeting with the Deputy Minister of Economic Affairs at the Ministry of Foreign Affairs of the Republic of Korea, Park Jong-han, who is on a working visit to Bulgaria to participate in the third session of the Bulgarian-Korean Intergovernmental Commission for Economic Cooperation.
During the conversation, the two deputy ministers discussed opportunities to further develop the existing partnership in areas such as trade, investment, energy, tourism and connectivity.
Emphasis was placed on cooperation in the field of nuclear energy. Deputy Minister Polendakov welcomed the participation of the South Korean company Hyundai Engineering & Construction in the project to build new nuclear capacity at the Kozloduy Nuclear Power Plant site. The two deputy ministers stressed that the implementation of the project will attract new suppliers, create additional investment opportunities and encourage the active participation of Bulgarian companies in it.
In the field of trade, they highlighted opportunities to increase Bulgarian exports to the Korean market and establish the presence of Bulgarian products there. The importance of closer coordination between the two foreign ministries in developing mutually beneficial cooperation and achieving economic security in the dynamic global environment was emphasized.
During the meeting, the two deputy ministers also discussed cooperation in the field of education, culture and sports. They highlighted the importance of people-to-people contacts for the development of business relations and the deepening of cultural ties between the two countries.
Both sides expressed a desire to further intensify the political dialogue and cooperation between the foreign ministries, both bilaterally and within international organizations.
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