Péter Szijjártó: South Korea’s largest food company is building its first factory in the region in Hungary

According to a statement from the ministry, the minister reported that the South Korean food company CJ Foods is establishing a ready-to-eat food production plant and warehouse center in Dunavarsány as part of its new, greenfield investment. The state is supporting the development worth approximately HUF 31 billion with HUF 5.3 billion, thus contributing to the creation of two hundred new jobs in the first round.

In his speech, he pointed out that the vast majority of the products to be produced here will be marketed in Western Europe, while the company will mainly purchase its raw materials from Hungarian farmers and suppliers.

He then said that it is South Korea’s largest food company, which has sixty factories worldwide, so the investment was won in fierce competition.

He then highlighted that in recent years, the global economic emphasis has shifted from West to East, and in many areas Asian players are already dictating the pace, and Hungary recognized this in time.

“We have made good decisions, so we have successfully adapted to the new circumstances, and we are among the winners of the new global economic era,”

– he said.

He also announced that more than three hundred South Korean companies are already present in our country, with the total value of their investments approaching ten billion euros, making them the fourth largest investor community.

Péter Szijjártó touched on the crises of recent years, from which, according to him, it is important to draw lessons. For example, the ability to self-sufficient in food has never been so important, it has become a national security issue in light of the coronavirus pandemic, which has caused serious supply shortages in some parts of the world, and the war in Ukraine.