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South Korea's Ambassador to Bulgaria Chun Bi-ho announced there were plans for potenial Korean investments in Bulgaria's Varna. Photo by BGNES
A Korean company is considering investment opportunities for the production of electric cars in Bulgaria's Black Sea city of Varna, South Korea's Ambassador Chun Bi-ho announced.
His Excellency was in Varna Wednesday together with representatives of the Korean Trade Investment Agency (KOTRA).
He explained, as cited by BNR, that the undisclosed Korean firm in question first intends to assemble electric cars in Varna, and would them potentially go for manufacturing their parts their as well.
Chun did not reveal more details about the potential investment in electric cars but announced that Korean firms are involved in talks for potential participation in the concessions of Port Varna, one of the two major Bulgarian Black Sea ports.
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