House Speaker László Kövér has arrived in Seoul for an official visit. The speaker had talks with Chang-Yang Lee, the trade, industry and energy minister, and referred to South Korea as Hungary’s key strategic partner in the region … in terms of trade and investments”, adding that Hungary was committed to further development of relations.
In 2019 and 2021, South Korea was the largest foreign investor in Hungary, with investments worth more than 6.8 billion US dollars in 2020. In 2020, 130 Korean companies employed 15,206 people in Hungary, and the Hungarian government has strategic agreements with multiple Korean companies, he noted. As well as the manufacture of machines, batteries and parts, Hungary wants to make use of cooperation opportunities in the areas of space research and nuclear energy, he said. In 2024, a meeting of the Hungary-Korea mixed economic committee will be held in Budapest, he further noted.
Chang-Yang Lee said Hungary provided a stable and secure economic environment for South Korean companies, according to the parliamentary press office statement. The officials also discussed the training of industrial professionals in Hungary and cooperation in the training of engineers. Kövér met the head and members of the Korean-Hungarian friendship section of the Korean National Assembly, as well as those of the Korean Hungarian Friendship Society. Also, he visited the Liszt Institute in Seoul and was briefed about bilateral cultural relations. On Tuesday, the speaker will have official talks with Kim Jin-pyo, President of the Korean National Assembly.
Photo credit: MTI