When did the Korea-Bulgaria Joint Economic Committee meet, and how long had it been since its previous session?

The committee’s third meeting was held in Sofia on Monday, local time, and was co-chaired by the countries’ deputy economic ministers. Its previous session took place in Seoul in September 2019, making the latest gathering the first in seven years.

Which areas of cooperation did Korea and Bulgaria discuss beyond the Kozloduy nuclear project?

The two sides reviewed bilateral economic cooperation and discussed expanding collaboration in trade and investment, defense, transportation, science and technology, and digital industries.

Korea, Bulgaria reaffirm economic ties, nuclear cooperation

Q: What did Korea and Bulgaria agree about the Kozloduy nuclear power plant project?

They agreed that successful implementation of Bulgaria’s Kozloduy project would be an important milestone in bilateral economic cooperation and pledged to work closely to ensure progress. Hyundai Engineering & Construction is participating in a consortium with Westinghouse Electric to build two new reactors.

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Summary

Korea and Bulgaria reaffirmed cooperation on a new nuclear power plant project in Bulgaria and discussed expanding economic ties at a joint committee meeting in Sofia on Monday (local time). The two sides pledged to work closely to advance the Kozloduy project, which they described as an important milestone in bilateral economic cooperation. They also discussed cooperation in trade, investment, defense, transportation, science and technology, and digital industries.

Key Facts

The third Korea-Bulgaria Joint Economic Committee meeting was co-chaired by Park Jong-han, Seoul’s deputy minister for economic affairs, and Krasimir Yakimov, Bulgaria’s deputy economic minister.
The meeting was the committee’s first in seven years; its previous session was held in Seoul in September 2019, and its inaugural meeting took place in Sofia in September 2015.
Hyundai Engineering & Construction is participating in a consortium with U.S. energy firm Westinghouse Electric to build two new reactors as part of the Kozloduy project.

By Yonhap

Published Nov 3, 2026 11:07 am KST

The third meeting of the South Korea-Bulgaria Joint Economic Committee is held in Sofia, Bulgaria, Nov. 2. Courtesy of foreign ministry

Korea and Bulgaria have reaffirmed their commitment to cooperation on a new nuclear power plant project in Bulgaria and discussed ways to expand bilateral economic ties at a joint committee meeting, Seoul's foreign ministry said Tuesday.

The third meeting of the Korea-Bulgaria Joint Economic Committee was held in Sofia on Monday (local time), co-chaired by Park Jong-han, deputy minister for economic affairs, and Krasimir Yakimov, the Bulgarian deputy economic minister, according to the ministry.

The meeting marked the first gathering of the committee in seven years, following the previous session in Seoul in September 2019. The inaugural meeting was held in Sofia in September 2015.

During the latest talks, the two sides reviewed the progress of bilateral economic cooperation and discussed ways to expand collaboration in trade and investment, defense, nuclear energy and various other fields.

They agreed that the successful implementation of Bulgaria's Kozloduy nuclear power plant project would mark an important milestone in bilateral economic cooperation and pledged to work closely to ensure progress.

Korean major builder Hyundai Engineering & Construction Co. is participating in the project to build two new reactors as part of a consortium with U.S. energy firm Westinghouse Electric Co.

The two sides also discussed opportunities to expand mutually beneficial cooperation in defense, transportation, science and technology, and digital industries, the ministry said.

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