V4 seminar attracts over 100 Korean Business Personnel.
The Korea Chamber of Commerce and industry hosted the V4 Investment Seminar on April 10, 2014 on the occasion of the 10th Anniversary of accession of the Visegrad Group (V4). The seminar was co-organized by V4 countries. Over 100 Korean business personnel were in attendance.
V4 countries are based in central Europe and include Czech Republic, Hungary and Slovakia. Since joining the European Union in 2004, they are becoming a strong economic power making the Visegrad Group the fifth largest economy in Europe and the twelfth in the world. They are an attractive investment destination for Foreign Destination Investments around the world.
Currently there are several hundred Korean companies running their businesses in V4 with further growth potential. V4 has shown their significance for Korean businesses by attracting FDI from Korea including Samsung Electronics, Hyundia and Kia Motors and LG. 13.8 billion USD was traded between V4 and Korea in 2013.
Hyundia Research Institute presented a study, that was conducted in 2013, on the subject during the seminar. Various speakers also provided insight.