South Korean steel company keen to invest $500m in Georgia
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South Korea’s largest multinational steel-making company POSCO is showing an interest in investing hundreds of millions of dollars in Georgia.
Company representatives have come to Tbilisi to meet local leaders and share their interest in investing $500 million in building an ultra-modern metallurgical plant in Georgia.
A group of POSCO high officials are in Georgia today to learn more about this sector in Georgia and the prospects of investing in this new industrial enterprise.
This afternoon POSCO Senior Vice President Jin Sik Choi met Georgia’s Deputy Foreign Minister David Jalagania in capital Tbilisi, where he told the Georgian side about the proposed investment project and the company's investment plans for Georgia.
Georgia’s Deputy Foreign Minister welcomed the strong interest and told the South Korean delegation about the political and economic situation and investment environment in Georgia. Jalagania also spoke fondly of the growing state of bilateral relations between Georgia and South Korea.
One of the main libraries in Georgia’s capital will soon be rehabilitated and equipped with the most modern technologies so people with disabilities can easily access and use the internet.
Economic and business relations between the two countries were in focus of today’s meeting between Georgia’s Prime Minister Giorgi Kvirikashvili and chairman of Korea's National Assembly Chung Ui-hwa in Tbilisi.
Georgia and South Korea are stepping up bilateral cooperation to avoid double taxation, boost investments and increase economic cooperation.
The first Korean Embassy in Georgia opened today in central Tbilisi, and will be celebrated tonight by Georgian and Korean officials at a special occasion.
The South Korean government has gifted five mini-buses to the Georgian Government. The total value of all five mini buses together is up to $200,000 USD.
Companies of the Korea Importers Association (KOIMA) have expressed interest in importing Georgian products to the Republic of Korea, announced the Georgian Deputy Economy Minister Genadi Arveladze at the Korea-Georgia Business Forum held in Tbilisi today.
The first session of the Georgia-Korea Intergovernmental Economic Commission has been held to deepen economic ties to strengthen cooperation between Georgia and South Korea in fields such as trade, transport, logistics, energy, tourism, small and medium size businesses, start-ups, innovations and information and communication technologies, announced the Economy Ministry press office.