South Korea and Hungary commit to carbon neutrality by 2050

South Korean President Moon Jae-in has met with Hungary’s president in Budapest, where the two leaders committed to achieving carbon neutrality in their countries by 2050

BUDAPEST, Hungary -- South Korean President Moon Jae-in met with Hungary's president Wednesday in Budapest, where the two leaders committed to achieving carbon neutrality in their countries by 2050.

At a news briefing following talks with Hungarian President Janos Ader, Moon said bilateral trade between Hungary and South Korea broke records last year despite the economic downturn caused by the COVID-19 pandemic.

Relations between the countries will be elevated to a strategic partner status, Moon said, adding that significant South Korean investments into the manufacturing of electric vehicles and batteries in Hungary could be expanded.

Moon’s visit was part of a nine-day European tour that includes a Thursday summit in Hungary's capital with the leaders of the Visegrad Group, a pact of four countries that includes Hungary, Slovakia, Poland and the Czech Republic. Moon visited Italy and the United Kingdom earlier in his trip.