Woory to invest $35 mln in Hungary

Pharma

South Korean car parts manufacturer Woory Industries is planning to build a factory in Komárom (northwestern Hungary), by investing $35 mln between 2015-2018, Hungary’s Foreign Minister Péter Szijjártó announced at a South Korean-Hungarian business forum in Seoul today.

This will be Woory Industries' tenth plant and it is estimated that the investment will create 120 new jobs in the first phase of development, with plans to raise headcount a further 250 in the next phases, Szijjártó added.

Following talks with his counterpart Yun Byung-se in Seoul, Szijjártó yesterday said the Hungarian government expects South Korean companies to boost developments in Hungary’s car industry.

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