Seoul, November 28 (MTI) – Prime Minister Viktor Orban encouraged South Korean businesses at a business forum in Seoul on Friday to invest in Hungary and make use of incentives offered under its economic strategy.
Addressing the event attended by 200 South Korean and Hungarian businesspeople, Orban mentioned Hungary’s agriculture and food industry, insisting Hungary has the strictest food safety regulation in place in the whole of Europe and the country’s constitution fully bans GMO.
The prime minister said the government is committed to providing the cheapest industrial energy prices in Europe.
Orban later on visited the headquarters of Samsung in Suwon where he and ministers accompanying him held talks with the company’s leaders.
Istvan Facsko, the CEO of Samsung Electronics Hungary, told reporters that at the meeting they reviewed the strategic partnership agreement the Hungarian government had concluded with the company last year and looked into future cooperation possibilities.
He confirmed that the possibility of further development projects by Samsung Hungary had also been raised, but declined to give further details.
Orban heading a delegation is paying an official visit to South Korea on Nov. 27-29. The schedule includes a visit to the Korean Demilitarized Zone on the border with North Korea on Saturday morning local time.