Minister of Innovation and Technology László Palkovics, South Korea’s deputy minister at the science and ICT ministry Lee Tai-hee and ambassadors of the Visegrád Group countries signed an agreement on cooperation in research and development in Budapest on Thursday, the ministry said.
During a South Korean presidential visit in Budapest in early November, the sides announced that the V4 and Korea were planning to improve knowledge-based links, the ministry added.
Under the agreement signed by the ministries, a V4-Korea programme for basic research will be launched. Hungary plans to invite new applications for support to bilateral research and development projects with South Korea.
Korean investments further strengthen Hungary’s role in vehicle production, the ministry said. Hungary has the second largest battery production capacity in Europe thanks to the presence of Korean companies that are market leaders in electric car manufacturing. The trust demonstrated by South Korean companies in Hungary is expected to result in the creation of further jobs in such sectors as digitalisation, the health and defence industries, the ministry added.
- read also: 헝가리 뉴스
Read alsoNumber of direct flights between Budapest and Seoul to rise
please make a donation here
Hot news
Hungary calls for stronger nation-state sovereignty in the EU, rejects treaty changes for political power shift
All Saints’ Day and clock change: Changes to Budapest transport timetables
National Bank of Hungary: Maintaining banks’ strong capital position ‘pivotal
Top Hungary news: magnificent castles, new flights to Budapest Airport, 15th-century sword and change in bottle redemption system – 28 October, 2024
Orbán cabinet: Ill-advised policies jeopardising European Union’s existence
Drivers watch out! 26 fixed speed cameras to be installed in Budapest