Over the last decades, the Korean capital has been settled in Poland for good. There are over 500 Korean companies operating in Poland, including Korea’s largest ones making it the largest Asian foreign investor. Only in the last 22 years, the PAIH has supported over 70 Korean investment projects, with an estimated value of investment outlays reaching nearly EUR 7.7 billion capital and a declared number of almost 30 thousand new.
In 2016, LG chose Poland as the location for one of its most modern plants on a global scale, producing batteries for electric cars. It was one of the first mega investments of this type, which also gave Poland the position of one of the global leaders in the export of lithium-ion batteries.
Samsung is also strongly rooted in the Polish ecosystem of new technologies. The company employs 1,500 specialists in its research and development center located in Warsaw, which is the largest business unit of this type for Samsung outside the Republic of Korea. In Warsaw, the company develops new solutions in the field of telecommunications and software development.
Polish exports to the Republic of Korea are growing as well, see for example the pasteurized milk. Currently, almost 90 percent of Korean UHT milk imports come from Poland. Polish exporters are primarily responsible for this success alongside the Polish Investment and Trade Agency.
In this scenario, numerous representatives of the business world, officials from State institutions, and diplomats from Poland and South Korea met last Thursday as part of the Polish-Korean Business Forum. The meeting served to strengthen Polish-Korean business relations and was organized by the PAIH. The 2024 edition was not only about the manufacturing sector but also expanded to include a research and development component.
As part of the all-day event, representatives of business, politics, and science from Poland and Korea talked about the possibilities of cooperation between our countries. The event gathered over 150 participants, including Polish entrepreneurs, representatives of business environment institutions and public administration, as well as professionals from Korean companies, organizations, and agencies promoting trade and investment.
On the other hand, Poland is the largest trade and investment partner of South Korea in Central and Eastern Europe, while South Korea is Warsaw’s top non-European investor. The cooperative relationship between the two countries is expected to intensify in high-tech industries such as clean energy, next-generation batteries, and electric vehicles, becoming more important as future-oriented partners.