The plant makes parts for batteries of electric cars. The investment will create 300 jobs by the end of 2019, the minister said, according to state news wire MTI.
Trade between Hungary and the Republic of Korea rose 19% to USD 1.7 bln last year, Szijjártó added.
Kim Girin, owner of Shinheung SEC EU Kft., said the plant is the companyʼs first in Europe, adding to the five units it already has in Asia. Shinheung SEC plans to purchase 80% of its feedstock from Hungary from 2019, he added.
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