The untapped potential for South Korean investment in Central and Eastern Europe



Analysis The untapped potential for South Korean investment in Central and Eastern Europe ROK firms seek new markets and the CEE foreign capital, but the war in Ukraine could complicate cooperation Nicolas LeviJanuary 10, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON The flags of Poland, the Czech Republic and Slovakia \| Image: Wikimedia Commons, Wikimedia Commons, Wikimedia Commons, edited by Korea Pro As a result of the rivalry between the U.S. and China, Europe has become one of the most important markets for South Korea in terms of trade balance and direct investments. This development has been most evident in Central and Eastern Europe (CEE), a region encompassing Bulgaria, the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, Romania, Slovenia and Slovakia. Many of these countries have received numerous South Korean investments in the automotive and spare parts industries. At the same time, they also have the potential to become consumers of South Korean products, which is still negligible in this part of © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01South Korea’s won faces a new test as foreign bond buying loses momentum 02Trump’s Russian diesel deal may leave South Korea’s refining boom intact 03Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance 04South Korea’s missile defense push raises new questions over wartime stocks 05South Korea bank hacks expose weak links beyond core financial systems 06Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma 07Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump 08Trump’s Korea investment victory lap masks safeguards Seoul still controls

Analysis

The untapped potential for South Korean investment in Central and Eastern Europe

ROK firms seek new markets and the CEE foreign capital, but the war in Ukraine could complicate cooperation

Nicolas LeviJanuary 10, 2023

The untapped potential for South Korean investment in Central and Eastern Europe

The flags of Poland, the Czech Republic and Slovakia | Image: Wikimedia Commons, Wikimedia Commons, Wikimedia Commons, edited by Korea Pro

As a result of the rivalry between the U.S. and China, Europe has become one of the most important markets for South Korea in terms of trade balance and direct investments. This development has been most evident in Central and Eastern Europe (CEE), a region encompassing Bulgaria, the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, Romania, Slovenia and Slovakia.

Many of these countries have received numerous South Korean investments in the automotive and spare parts industries. At the same time, they also have the potential to become consumers of South Korean products, which is still negligible in this part of

The untapped potential for South Korean investment in Central and Eastern Europe

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Nicolas Levi