"Great Korea-V4 Cooperation" President Moon's 'Sales Diplomacy' in Hungary

Korea-V4 Business Forum... "Korea, Strong in Advanced Manufacturing, Hopes to Grow Together with V4"

[Asia Economy Reporter Ryu Jeong-min] During his state visit to Hungary, President Moon Jae-in participated in the 'Korea-V4 (Visegr?d Group) Business Forum' on the 3rd (local time), emphasizing the contributions of Samsung Electronics, Hyundai·Kia Motors, SK Innovation, and others to the economies of the V4 countries, engaging in 'sales diplomacy.' The V4 is a Central European cooperation group formed in 1991 in Visegr?d, Hungary, consisting of Poland, the Czech Republic, Hungary, and Slovakia.

President Moon said, "The results of mutual cooperation between Korea and the V4 are remarkable. More than 600 Korean companies have entered various industries including electronics, automobiles and parts, chemicals, and metals," adding, "Korea, which has strengths in advanced manufacturing, hopes to grow together with the V4."

[Image source=Yonhap News]

President Moon also emphasized, "The Samsung Electronics TV factory in J?szf?nyszaru, Hungary, which marked the beginning of economic cooperation, has grown into a leading company employing half of the local population. The Nosovice plant, where Hyundai·Kia Motors operates, has become the heart of the Czech automobile industry."

President Moon cited 'electric vehicle batteries' as a key economic cooperation task and praised SK Innovation as a symbol of a mutually beneficial cooperative relationship. He explained, "The Hungarian government decided to provide $100 million in support for SK Innovation's second plant under construction in the Kom?rom region. SK Innovation also announced plans to establish a third plant with an additional investment of $1.1 billion."

On the 4th (local time), President Moon is scheduled to attend the Korea-V4 summit and hold bilateral talks with Slovakia, the Czech Republic, and Poland respectively. A Blue House official stated, "They will discuss cooperation plans in high value-added sectors such as nuclear power, new airports, and defense industry."

This content was produced with the assistance of AI translation services.