Authorities at the Budapest Ferenc Liszt International Airport witnessed the first direct cargo plane flight from Seoul (South Korea).
Korean Air’s Boeing 777F-type cargo aircraft arrived at the Budapest Airport logistics base –BUD Cargo City, on February 21st, marking the start of better commercial relations between the two countries. This also provides Hungary’s economy with a significant competitive advantage on the import-export market.
Authorities have announced the configuration of the new route, which will have planes traveling twice per week from Seoul to Budapest, going to Frankfurt and returning to Seoul.
The need for a direct cargo route was evident, considering South Korea became the largest investor in Hungary, according to the Deputy Minister at the Ministry of Foreign Affairs and Trade, Levente Magyar. He said, in regards to the year 2019, that ‘the two countries celebrated the 30th anniversary of establishing formal diplomatic relations and South Korea became the largest investor in Hungary, implementing projects to a value of 2.5 billion EUR, which is nearly half of the total investment portfolio’.
Korean companies, such as Samsung Electronics, Samsung SDI, Hanon Systems and SK Innovation, which are located no more than 2 hours from the BUD Cargo City, will be among those to benefit from the new direct cargo flight.