Foreign minsiter: New South Korean investments to create 300 jobs
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Investments by four South Korean companies in Hungary worth a combined 70 billion forints (EUR 211.6m) will create 300 new jobs, Foreign Minister Péter Szijjártó said after talks with his South Korean counterpart Kang Kyung-wha in Seoul on Thursday.
The agreements on the investments were signed on Thursday.
The total value of South Korean investments in Hungary is expected to reach a record 900 billion forints this year, with the bulk of the investments being made in the auto and health industries, the minister said.
This will make South Korea Hungary’s largest foreign investor in 2019, he added.
It is therefore crucial that Hungary be capable of attracting high-tech investments that create high value-added jobs in the era of electro-mobility as well, he said, adding that South Korea was the clear leader in the global electric auto sector.
The minister noted that Hungary has signed multiple major agreements in recent months that have seen big name companies bring large investments to the country’s electric auto sector.