South Korean companies expected to increase investment in Hungary

Hungarian Prime Minister Viktor Orbán encouraged South Korean businesses to invest in Hungary, thereby making use of incentives offered under Hungary's economic strategy program, whilst attending a business forum in Seoul on Friday 28th November. Orbán is at present engaged in negotiations with a delegation of Hungarian government officials and business people.

Giving a speech at the event in the presence of approximately 200 South Korean and Hungarian business leaders, the Hungarian Prime Minister stated Hungary's industries such as logistic's and distribution as well as the agriculture and food industries as excellent areas for investment. Hungary is a key logistic and distribution center for many leading international companies as Hungary is very well place to serve this industry due to its location at the Center of Europe. Orbán emphasized that Hungary possesses the strictest food safety regulations in place in Europe and the country's food safety regulations fully ban GMOs.

The prime minister additionally declared that the government is dedicated to providing the cheapest industrial energy prices in Europe, therefore making Hungary an attractive destination for South Korean Companies to invest.