The two countries will inject USD 1 million each to fund the projects of the center, which is based in Bucharest. The center will map out pilot projects regarding the IT industry, focusing on expanding broadband networks and the improvement of public key infrastructure (PKI) and information securities.


“Through the establishment of the IT cooperation center in Romania, we hope the two countries will be able to forge deeper ties in the technology industry,” the South Korean ministry said, quoted by Yonhap News Agency.


According to the South Korean ministry, Romania has one of the fastest growing IT markets and enjoys governmental support. South Korean technology companies will also be able to seek business opportunities through the center. (source: