On the first day of his trip to Seoul, László Kövér emphasised that in 2020, 130 Korean companies employed 15,206 people in Hungary, and the Hungarian government has several strategic agreements with Korean companies.

Péter Szijjártó emphasised that except for Germany and China, Hungary is the only country where all three German luxury car brands have factories, and three of the world’s top ten electric battery manufacturers are already present in Hungary.

The Japan-Korea reconciliation is good news for both countries, the USA and the free world, and bad news for China, whose aggressive and threatening behaviour and wolf warrior diplomacy helped catalyse the process. Strengthening the trilateral security and military cooperation between the USA, Japan and Korea is definitely not something Beijing wanted to achieve with its aggressive posture. What we can expect from Beijing is now to try to drive a wedge between the newly found friends.