Korean E-Car Battery Parts Maker Expand Plant in Hungary
- 8 May 2023 12:59 PM
- Hungary Matters
Announcing the expansion of a plant of South Korean Sang-A Frontec, which manufactures plastic parts for electric car batteries, Szijjártó said South Korean companies are the fourth largest group of investors in Hungary.
Bilateral trade jumped by 37% last year to nearly 7 billion dollars, he said.
The 10 billion forint (EUR 26.7m) investment in Szada, near Budapest, has received a 1.4 billion forints in government grant, and will create 55 jobs, he said.
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