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Republic of Korea

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EcoPro BM: First European Factory in Debrecen

D&T
Dec 9, 2021

South Korean electromobility firm EcoPro BM opens its first European factory unit in Debrecen, which is also the first location of the company outside Korea. The volume of the project is EUR 728 million. Thanks to the investment in manufacturing cathode material for lithium-ion batteries essential for electric vehicle batteries, about 631 new jobs will […]

South Korean President Bows to Boat Tragedy Victims

D&T
Nov 2, 2021

The President of the Republic of Korea, Moon Jae-in, who arrived in Hungary on Tuesday for an official visit, paid a tribute to the victims of the Hableány (Mermaid) cruise ship disaster at the Budapest memorial of the 2019 tragedy. The South Korean head of state was received by Hungarian Finance Minister Mihály Varga at […]

Close to the Customers

Sándor Laczkó
Oct 10, 2020

A leading electrolyte supplier for major battery makers of South Korea, Dongwha Electrolyte is planning a business expansion in Hungary. Dongwha Electrolyte is the first South Korean company to domestically produce electrolyte products for Lithium-ion batteries and is currently operating production facilities in Korea, China, and Malaysia. Due to EU legislation setting mandatory emission reduction […]

KDBE, the Faithful Business Partner

Sándor Laczkó
Oct 8, 2020

KDB Bank Europe Ltd. (KDBE), a subsidiary of the South Korean Korea Development Bank, has been present on the Hungarian financial market since 1990. KDBEPresident&CEO, Min In Hwan tells Diplomacy&Trade how the bank developed over these three decades and theservices it offers its clients today. Explaining how many of the bank’s original objectives have been […]

Welcoming Korean investors to Hungary

Sándor Laczkó
Oct 6, 2020

Last year, the Republic of Korea was the largest source of foreign direct investments in Hungary. The Hungarian Investment Promotion Agency (HIPA) played a pivotal role in many of these investment projects as its CEO, Róbert Ésik explains to Diplomacy&Trade. He points out that 2019 was another successful year for Hungary in terms of foreign […]

Bringing Korea’s Culture to Hungarians

Sándor Laczkó
Oct 4, 2020

Last fall, coinciding with the 30-year anniversary of diplomatic relations between Hungary and the Republic of Korea, the Korean Cultural Center in the Hungarian capital, the second largest worldwide and the largest inEurope, was officially re-opened at a new location. “Hungary is one of the most important countries for the Republic of Korea. When Korea […]

Lotte Aluminium Managing Director Sang Fab Park

Supplying the Region

Sándor Laczkó
Oct 2, 2020

It was announced in February this year that Lotte Aluminium will soon produce aluminum anode foils for batteries near Tatabánya, west of Budapest. The company will serve enterprises that manufacture batteries for electric vehicles, and plans to supply them with some 18,000 tons of foil annually. “The EU is strategically pursuing an eco-friendly policy and […]

Korean Firm to Set Up First European Units in Hungary

D&T
Sep 3, 2020

Within the framework of its investment of EUR 32.1 million, the South Korea-based company Dongwha is building already two units in Sóskút, NW of Budapest: one for producing electrolyte and another to recycle the solvent NMP. Both activities are closely linked to the EV (electric vehicle) battery manufacturing value chain, creating an additional 90 jobs, […]

Korean Ambassador Kyoo Sik Choe and Hungarian Minister for Foreign Affiars and Trade, Péter Szijjártó (on the left) at the announcement

Samyang Biopharm: First European Unit in Gödöllő

D&T
Jul 29, 2020

South Korea-based Samyang Biopharm, specializing in medical devices, has selected Hungary for its first production unit in Europe. The HUF 8.6 billion (EUR 26.2 million) unit, will produce synthetic suture materials and create 55 new jobs in Gödöllő. The Hungarian government contributes about 15% of that amount (HUF 1.3 billion) in non-refundable support. The South […]

Governor of the Bank of Korea, Juyeol Lee, and MNB President György Matolcsy

Korean Delegation Visits Central Bank

D&T
Dec 5, 2019

On the occasion of the 30th anniversary of the establishment of diplomatic relations between the Republic of Korea and Hungary, Hungarian central bank (MNB) President György Matolcsy has received a delegation headed by his South Korean counterpart. A joint discussion was conducted about cooperation between the two institutions. No visit has been paid by representatives […]

Korean Cultural Center Re-opens in Budapest

Sándor Laczkó
Nov 19, 2019

Coinciding with the 30-year anniversary of diplomatic relations between Hungary and the Republic of Korea, the Korean Cultural Center has been officially re-opened at a new location in the Hungarian capital. The 8,000-sqm facility, rebuilt with a HUF three billion investment, is the fifth largest cultural center worldwide and the largest in Europe. The Center […]

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Korean National Day reception in Budapest

D&T
Oct 7, 2015

Ambassador Yim Geun-Hyeong welcomed guests at theKorean National Day reception held at the Korean Cultural Center in Budapest and organized within the framework of the K-Culture Festival comprising several modern and traditional cultural events.

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Korean National Day reception in Budapest

D&T
Oct 7, 2015

The Korean Ambassador to Hungary, Yim Geun-Hyeong welcomed guests at the traditional Korean National Day reception held at the Korean Cultural Center in Budapest. This year, the reception was organized within the framework of the K-Culture Festival comprising several modern and traditional cultural events.

Hungarian Foreign Minister János Martonyi and Korean Ambassador Gwan-Pyo Nam signing the Working Holiday Program Agreement in Budapest. | Dávid Harangozó

Working Holiday Program Agreement

D&T
Apr 9, 2013

The Republic of Korea and Hungary have signed a bilateral Working Holiday Program Agreement in Budapest. The Agreement provides an opportunity for young Koreans and Hungarians travelling to each other’s countries to get a temporary work permit.

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