16 C
Bucharest
April 11, 2021
ECONOMY

Romania, South Korea trade hits nearly half a billion dollars by mid-year

Trade between Romania and South Korea surged 50 percent in the six months of this year as compared to the same period a year ago, hitting nearly half a billion dollars, according to figures released by the Bucharest Chamber of Commerce and Industry on Thursday.
Romanian imports amount to roughly 238 million dollars, while exports total 260 million dollars.
‘On June 30, 2015, the Republic of Korea ranked 24th among the states investing in Romania, with 234 Korean-owned companies and a total investment volume at around 202 million dollars’, the Chamber said in a release sent on the occasion of the 25th anniversary of the commercial relations with Seoul.
The Bucharest Chamber management had a meeting with a Korean economic mission headed by Dae Oan Gu, deputy managing director of Hwaseong Chamber of Commerce and Industry.
In the opening of the gathering, Bucharest Chamber Vice Chairman Iuliu Stocklosa briefly presented the commerce body, its role and place in the economic and social life of Romania and spoke about the foreign relation strategy of the institution, underscoring the importance given the development of economic and commercial cooperation with partners in South-East Asia.
The Korean Embassy in Bucharest together with the Korean Centre for the Promotion of Commerce – Kotra Romania organized on Wednesday and Thursday the event entitled ‘Korea – Romania SMEs Business Partnership Plaza 2015’.

Related posts

Enel X Romania installs over 1,200 photovoltaic panels for the Mega Image retailer

NINE O'CLOCK

Carmaker Groupe Renault Romania announces extension of the production halt at Mioveni-based Dacia plant

NINE O'CLOCK

Laws of State Budget and Social Insurance Budget on 2020 published in the Official Journal

NINE O'CLOCK