Ader proposes joint Hungarian, South Korean fund for SMEs

Seoul, April 14 (MTI) – Hungarian President Janos Ader held talks with South Korean counterpart Park Geun-hye on Tuesday and proposed setting up a joint Hungarian-South Korean fund to promote the other country’s small and medium-size enterprises on their markets.

Ader told the press after the meeting that they had discussed the joint utilisation of scientific achievements and he proposed launching a direct flight between Seoul and Budapest in the interest of boosting tourism and business ties.

He said South Korean investment in Hungary totalled 2 billion dollars in recent years which makes the country one of the most important investors in Hungary, with South Korean firms ensuring jobs to some 23,000 Hungarians.

Cooperation in science could be expanded in the areas of environmental protection, water management and information technology, Ader said. The cooperation is supported by the recently established National Research, Development and Innovation Office, he added.

Park welcomed the Hungary-South Korea direct flight proposal, Ader said.

The president will travel on to Mongolia later in the day.

Photo: MTI