back to top

    Warmia–Masuria Province Attract Business from South Korea for Major Investments

    Estimated reading time: 2 minutes

    Warmia–Masuria Province in Poland invite South Korean businesses for substantial investments, leveraging smart specializations and ecological appeal. Strengthening economic ties for mutual success.

    Warmia–Masuria Province, the picturesque region of a thousand lakes in Poland, is actively enticing South Korean businesses to embark on substantial investments. Representatives from South Korean companies and institutions attended the conference titled “Korea – Warmia–Masuria Province: A Shared Path to Business” in Olsztyn, aiming to foster collaborations with entrepreneurs and universities in the Land of a Thousand Lakes.

    During the conference, potential joint projects and areas for rapid growth in Polish-Korean cooperation were discussed. Entrepreneurs from the region, local government representatives, and business support institutions met with their Korean counterparts.

    Gustaw Marek Brzezin, the Marshal of the Warmińsko-Mazurskie Voivodeship, emphasized the significance of this opportunity to strengthen economic ties with the Korean market. He expressed confidence that collaborative economic projects would bring success to both parties.

    “We are not only sharing business experiences but also actively working to implement practical solutions. The goal is to ensure that contacts with Korean companies yield tangible results for our region,” added Marshal Brzezin.

    Warmia–Masuria Province have efficiently utilized approximately PLN 35 billion from European funds allocated to the region in recent years, investing in infrastructure to make the voivodeship increasingly attractive to investors.

    “We have negotiated an additional EUR 1.8 billion in European Funds for Warmia and Mazury. Significant portions of these funds will be channeled into the economy, making a compelling case for our Korean partners to do business in our region,” explained Gustaw Marek Brzezin.

    The Land of a Thousand Lakes is distinguished by its smart specializations, including the Wood and Furniture sector, Water Economy, and High-Quality Food production. These industries position the region as a leader in Poland and Europe.

    “We want to showcase our region as clean, ecological, and business-friendly. We stand out among Polish voivodeships, which can convince our Korean partners to invest in Warmia–Masuria Province,” asserted Robert Szewczyk, Head of the Investor and Exporter Support Center at the Marshal’s Office in Olsztyn.

    Kang Sinho, Director of the Korean Agency for Agricultural Technology Promotion (KOAT), a startup in the agriculture and food industry, recognized the voivodeship’s potential as a center for healthy, high-quality food.

    “I am delighted to collaborate with Poland in agriculture and healthy food production. I believe this conference marks the beginning of our shared future and fruitful cooperation,” stated Director Kang.

    Poland currently ranks seventh among South Korea’s partner countries, with increasing imports and exports between both nations. They are committed to investing substantial resources in joint projects, particularly in business.

    “Just last year, our company invested over KRW 4.5 billion in new business ventures. In the coming years, we plan to allocate three times more funds for international projects. I am confident that among these new projects, Poland, specifically Warmia and Mazury, will feature prominently,” explained Director Kang.

    Marshal Gustaw Marek Brzezin emphasized encouraging both Korean partners and regional entrepreneurs to initiate and strengthen contacts, believing they will yield tangible benefits for Warmia–Masuria Province in the near future.

    At the Olsztyn conference, besides representatives from KOAT, a delegation from the Korean Institute for Industrial Economics & Trade (KIET) also participated. The event included lectures, discussions, and networking sessions among foreign startups, local government institutions, academic organizations, and the business community.

    More in section