Visiting South Korean president looks to boost business with Visegrad 4

Reading Time: < 1 minute

South Korea’s president, Moon Jae-in, begins a 9-day tour of Europe this week, ending with a meeting of the regional “Visegrad 4” group, where boosting business cooperation in areas like batteries and electric vehicles will be on the agenda.

Today, president Moon is scheduled to meet with his Hungarian counterpart, Janos Ader. That visit comes in the wake of last month’s announcement by South Korea’s LG Chem Ltd. on its plans to build a new battery separator plant in Hungary, complementing an existing facility in Poland.

Considering South Korea’s dominance in the global battery supply chain, the South Korean president’s meeting with representatives of the V4 Group – whose members are Czechia, Hungary, Poland and Slovakia – is expected to deepen economic ties between his country and the region, with V4 countries likely welcoming potential foreign direct investment from Korea into the sector.

Source: Foreignbrief.com

CET Editor

Recent Posts

US soldiers die during Lithuania training exercise

A total of three US soldiers were found dead while a fourth remains missing after…

1 day ago

Trump-Putin detente could revive Nord Stream 2

The US and Russia are discussing the potential reopening of the Nord Stream 2 gas…

1 day ago

Dodik dodges arrest warrant, surfaces in Moscow

Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday…

1 day ago

CEE startups outpace Western Europe rivals

Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and…

1 day ago

Gender pay gaps remain in CEE, despite EU efforts

Romania and Poland have gender pay disparities among the lowest in the EU, according to…

1 week ago

Europe’s trilemma: rearmament, green transition, competitiveness

European leaders met in Brussels on 20 March to confront a mounting policy dilemma: how…

1 week ago