EXTERNAL RELATIONS OF THE REPUBLIC OF KOREA:
THE PRESENT AND THE PAST
The collected volume "External Relations of the Republic of Korea: The Present and The Past" emerged over the course of 2019 and 2020. The obvious occasion for the launch of this booklet was the anniversary of the 30 years diplomatic relations between the Republic of Korea and Hungary. The maybe less obvious reason for this volume is that Korea has grown into one of the most substantial investors in Hungary from the East Asian region. Moreover, when looking at the newest investment figures, the country was the most important investment partner of Hungary in 2019. Last year, around HUF 70 billion was invested by Korean firms in Hungary, thus increasing the aggregate stock of the Korean FDI to HUF 900 billion. These numbers clearly show how the significance of the Asian economic partners has intensified over the recent years, and also why it makes sense to put the economic cooperation with East Asian economies on the top of the Hungarian economic strategy agenda.
This collected volume is included in the OBIC Book Series, where seven books have been published util now. These collected books cover several topics ranging from economic development strategies to concentrated works focusing on a single country. This new edition attempts to touch upon on some of the key problems and issues of Korea's economic and political network. Emphasis is put on Korea's relations with the neighboring countries and economies, while there are two papers that center on the development of the Hungarian economic and diplomatic relations with the Republic of Korea.
The authors whose research is presented in this volume are afliated with the Budapest Business School, the Faculty of International Management and Business, or have been afliated in some capacity to this faculty in the past, and or the researchers of the Pallas Athene Geopolitical Research Institute. We are truly thankful for the support provided by the Magyar Nemzeti Bank (MNB) and the Budapest Business School, without whose generosity and commitment to cooperation, this volume would not have been possible.