South Korean representatives keen on Belarusian high-tech startups
Employees of the National Investment and Privatisation Agency (NAIP) of Belarus held a meeting with partners from the Minsk office of the Korea Trade-Investment Promotion Agency (KOTRA), where they presented an automatic plant protection system using drones, a grain harvest scanner, an energy-saving greenhouse and other investment projects – worth about $20m
“In 2022, the Republic of Korea and the Republic of Belarus celebrated the 30th anniversary of the establishment of diplomatic relations,” reminded the Director General of KOTRA’s Minsk office. “All this time we have been liaising in various industries, including IT and agriculture. Now it is important to gradually move forward, then in the future we will achieve significant results.”
He got acquainted with the most promising investment proposals, the mechanism for implementing projects within the framework of public-private partnership.
“Investments are always a conversation about the future, about technologies that will be in demand in five, ten, or fifteen years. Therefore, we are open to dialogue and are always ready to help businesses in finding promising areas. The task of the agency is to be a one-stop-shop, a kind of guide that will help an investor navigate when entering the Belarusian market,” underlined Dmitry Krasovsky, the Director of the National Investment and Privatisation Agency of Belarus.
The Korea Trade-Investment Promotion Agency is a state-owned non-profit organisation established by the Korean government in 1962 to promote the development of business relations of the Republic of Korea around the world. To date, 127 offices have been opened across 84 countries. The Minsk office of KOTRA was opened in 2014 with the aim of deepening economic collaboration between South Korea and Belarus. In 2021, NAIP and KOTRA signed a co-operation agreement, the purpose of which is to assist entrepreneurs, enterprises and organisations in their countries in developing bilateral business ties and expanding mutually beneficial liaisons.