Egypt-South Korea trade volume increases by 35% in 2022

Despite the COVID-19 pandemic and the deterioration of the global economic conditions, trade volume between Egypt and South Korea in 2022 increased by 35 percent year-on-year to reach US$3.15 billion, South Korean Ambassador to Cairo Hong Jin Wook announced.

Economic cooperation between both nations has become more robust at a time when countries around the world are experiencing economic difficulties as a result of the global economic downturn, Jin Wook added on Sunday in a meeting with Egypt’s Finance Minister Mohamed Maait.

The two officials discussed Korean companies operating in Egypt and ways to encourage more Korean investmen