| James Kon | THE Republic of Korea remained the second largest trading partner of Brunei Darussalam in 2016 with total trade worth B$1.094 billion. The majority of the export to Korea from Brunei Darussalam is oil and gas. Actually, the trade volume is still the same but the value shows a slight reduction compared to 2015 because of the fall in oil and gas prices, the South Korean Ambassador to Brunei Darussalam Cho Won-myung said. In an interview at the Korean Embassy in the diplomatic enclave recently, the envoy told the Weekend Bulletin that Korea and Brunei are very important partners of trade and our government would like to thank Brunei Darussalam for providing a stable energy source to Korea. With the new chancery in place, he stressed that the Korean Embassy in Brunei Darussalam is continuing its efforts to expand the volume of trade between both countries in the long term, hoping that Brunei companies would import high-quality Korean products such as building materials and food products. Cho Won-myung cited that the potential of foreign investments from Korea in Brunei would be in medical and high-tech industry. Two years ago, I had invited a Korean bioinformatics company which … Continue reading
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