Péter Szijjártó State Secretary for Foreign Affairs and External Economic Relations met with Seung Hwa Suh, the Chief Executive Officer of Hankook Tire Worldwide Co Ltd. According to State Secretary Szijjártó, cooperation between Hungary and Hankook is developing dynamically.

Mr. Szijjártó declared that he and Chief Executive Officer Seung Hwa Suh had reviewed the accomplishment of tasks included in the strategic cooperation agreement signed last November and had concluded that cooperation between Hungary and Hankook is developing dynamically.

The State Secretary expressed that more than three quarters of Hankook's suppliers are now Hungarian companies, and the company is constantly broadening its Hungarian supply chain, thus indirectly providing  employment for more and more Hungarian people. 

He added that the governmental incentives for innovation, such as exemption from paying contributions when employing development engineers and decisions aimed at making professional training more flexible, are having a positive effect on the activities of Hankook in Hungary.

(Prime Minister's Office)