News in Brief
Hungary builds economic cooperation with South Korea
In 2022, South Korea was Hungary’s largest investor, while 130 Korean companies ensure the livelihood of 15,000 Hungarian families.
Hungary-South-Korea relations
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News in Brief
PM Orbán holds talks with South Korean president
The prime minister met with South Korean President Yoon Suk Yeol on the sidelines of the ongoing NATO summit in Vilnius on Tuesday.
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Economic Development Minister meets South Korean execs
South Korean companies formed the biggest group of investors in Hungary last year, ploughing around 1,100 billion forints (EUR 3bn) into the country.
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PM Orbán praises friendly relations between Hungary and South Korea
The prime minister noted that South Korea “showed trust” in Hungary’s economy right after the regime change in 1989.
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House Speaker: South Korea is Hungary’s key trade and investments partner in region
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.
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Hungary and South Korea sign MoU on boosting trade and investment development
Levente Magyar, the foreign ministry’s parliamentary state secretary, said Hungary counts on South Korea as a partner in shifting its labor-intensive economy to a knowledge-intensive economy.
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FDI in Hungary reaches record 6 billion euros in 2022
Minister Szijjártó qualified the structure of FDI as “healthy”, with 48% of the investment coming from the East, and 42% from the West. Hungarian investments account for about 10% of the total.
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Finance Minister: Asian companies see Hungary as an attractive investment site
Minister Varga said all South Korean investments help Hungary evade the economic recession emerging on the back of the sanctions-fuelled crisis.
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Finance Minister: South Korea has become important investor in Hungary
South Korea has become one of the largest investors in Hungary, with the three largest investment projects of the past years coming to Hungary from South Korea.
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FM: Hungary and South Korea sign a number of new agreements
Hungary and the Republic of Korea have signed agreements on expanding the number of direct flights between their capitals, Hungarian food exports and Korean language teaching in Hungary.
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PM Orbán: 40% trade turnover increase between V4 and South Korea
Trade turnover between the V4 and South Korea even increased “in the black year for the global economy that was 2020”, reaching 20 billion US dollars for the first time.
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PM Orbán: Korean university in Budapest negotiations begin
PM Orbán said his government had looked to South Korea as a “success story” to learn from when it returned to power in 2010.
News in Brief
PM Orbán strengthens ties between Hungary and Republic of Korea
PM Orbán said he was pleased to learn that South Korea regards Hungary a prominent partner.