Republic of Korea - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Mon, 03 Oct 2022 23:05:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Republic of Korea - Diplomacy & Trade https://dteurope.com 32 32 New Flight Launched between Budapest and Seoul https://dteurope.com/travel/new-flight-launched-between-budapest-and-seoul/ Mon, 03 Oct 2022 18:52:00 +0000 https://dteurope.com/?p=56449 Korean Air, the national airline of South Korea, will offer two direct flights per week between Budapest and Seoul in the winter schedule, with frequency increases planned in the future. The carrier will operate the route with 269-seater Boeing B787-900 Dreamliners, on Mondays and Saturdays. Regardless of the travel class chosen, the fare includes meals […]

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]]> New Korean Investment in Battery Production https://dteurope.com/business/new-korean-investment-in-battery-production/ Thu, 07 Jul 2022 11:06:00 +0000 https://dteurope.com/?p=52631 An important supplier of the battery industry, South Korean-owned Nice LMS Hungary Ltd. sets up a new production plant of some 6,000 sqm for EUR 14.4 million in Vác, north of Budapest. The project will result in creating up to 60 jobs, and thus contribute to the already vibrant local battery cell producing ecosystem to […]

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]]> 3rd Anniversary of the Danube Tourist Boat Tragedy https://dteurope.com/anniversary/3rd-anniversary-of-the-danube-tourist-boat-tragedy/ Sun, 29 May 2022 16:36:00 +0000 https://dteurope.com/?p=51235 A memorial service was held on the third anniversary of the tragedy of the Hableány (‘Mermaid’)  river cruise boat on Sunday in Budapest, at the memorial to the victims of the disaster at the Pest end of Margaret Bridge, where Péter András Sztáray, Minister of State for Security Policy of the Ministry of Foreign Affairs […]

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]]> EcoPro BM: First European Factory in Debrecen https://dteurope.com/business/ecopro-bm-first-european-factory-in-debrecen/ Thu, 09 Dec 2021 12:23:00 +0000 https://dteurope.com/?p=45836 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 […]

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]]> South Korean President Bows to Boat Tragedy Victims https://dteurope.com/diplomacy/south-korean-president-bows-to-boat-tragedy-victims/ Tue, 02 Nov 2021 20:57:00 +0000 https://dteurope.com/?p=44798 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 […]

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]]> Close to the Customers https://dteurope.com/business/close-to-the-customers/ Sat, 10 Oct 2020 08:50:37 +0000 https://dteurope.com/?p=25164 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 […]

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]]> KDBE, the Faithful Business Partner https://dteurope.com/business/kdbe-the-faithful-business-partner/ Thu, 08 Oct 2020 08:25:59 +0000 https://dteurope.com/?p=25159 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 […]

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]]> Welcoming Korean investors to Hungary https://dteurope.com/business/welcoming-korean-investors-to-hungary/ Tue, 06 Oct 2020 11:02:06 +0000 https://dteurope.com/?p=25298 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 […]

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]]> Bringing Korea’s Culture to Hungarians https://dteurope.com/culture/bringing-koreas-culture-to-hungarians/ Sun, 04 Oct 2020 10:24:00 +0000 https://dteurope.com/?p=25162 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 […]

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]]> Supplying the Region https://dteurope.com/business/supplying-the-region/ Fri, 02 Oct 2020 10:16:00 +0000 https://dteurope.com/?p=25099 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 […]

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]]> Korean Firm to Set Up First European Units in Hungary https://dteurope.com/business/korean-firm-to-set-up-first-european-units-in-hungary/ Thu, 03 Sep 2020 16:55:00 +0000 https://dteurope.com/?p=23957 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, […]

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]]> Samyang Biopharm: First European Unit in Gödöllő https://dteurope.com/company-briefs/samyang-biopharm-first-european-unit-in-godollo/ Wed, 29 Jul 2020 07:26:56 +0000 https://dteurope.com/?p=21953 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 […]

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]]> Korean Delegation Visits Central Bank https://dteurope.com/news/korean-delegation-visits-central-bank/ Thu, 05 Dec 2019 17:44:59 +0000 https://dteurope.com/?p=14665 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 […]

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]]> Korean Cultural Center Re-opens in Budapest https://dteurope.com/culture/korean-cultural-center-re-opens-in-budapest/ Tue, 19 Nov 2019 15:55:49 +0000 https://dteurope.com/?p=14171 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 https://dteurope.com/diplomacy/korean-national-day-reception-in-budapest/ Tue, 06 Oct 2015 23:00:00 +0000 https://dt.adcodedesign.com/korean-national-day-reception-in-budapest/ 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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