KOREAN Air has commenced the first direct cargo flights between Seoul and Budapest that uses a Boeing 777 freighter. The route aims to provide opportunities for Korean and Hungarian companies with cross-border trade, according to a press release from Budapest airport authorities.
The flight is part of a twice weekly route. The aircraft will fly from Seoul Incheon to Budapest before continuing on to Frankfurt and back to Seoul. The carrier also plans to launch a passenger flights three times per week between Seoul and Budapest in May.
The news comes at a time when relations between Hungary and South Korea are warming, and trade growth between them is being promoted.
'South Korea became the largest investor in Hungary [last year], implementing projects to a value of 2.5 billion [Hungarian forints], which is nearly half of the total investment portfolio,' Hungary's Ministry of Foreign Affairs and Trade Deputy Minister Levente Magyar said.
Trade between the two nations also increased by one-third in 2019, compared with the previous year, the deputy minister said.
Multiple South Korean factories - including Samsung Electronics and Samsung SDI, Hanon Systems, SK Innovation and Doosan - are located within a ground transport distance of one to two hours from Budapest's Cargo City, which opened in January. The new flight is intended to support transport options for shipments to Hungary, as well as from small and medium-sized Hungarian enterprises to Korea.
Ultimately, the direct connection is 'not only a huge advantage for Hungarian and international companies, but also an opportunity for Hungary and the Hungarian capital airport to become the number one cargo hub in the region,' said Budapest CEO Rolf Schnitzler.
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The flight is part of a twice weekly route. The aircraft will fly from Seoul Incheon to Budapest before continuing on to Frankfurt and back to Seoul. The carrier also plans to launch a passenger flights three times per week between Seoul and Budapest in May.
The news comes at a time when relations between Hungary and South Korea are warming, and trade growth between them is being promoted.
'South Korea became the largest investor in Hungary [last year], implementing projects to a value of 2.5 billion [Hungarian forints], which is nearly half of the total investment portfolio,' Hungary's Ministry of Foreign Affairs and Trade Deputy Minister Levente Magyar said.
Trade between the two nations also increased by one-third in 2019, compared with the previous year, the deputy minister said.
Multiple South Korean factories - including Samsung Electronics and Samsung SDI, Hanon Systems, SK Innovation and Doosan - are located within a ground transport distance of one to two hours from Budapest's Cargo City, which opened in January. The new flight is intended to support transport options for shipments to Hungary, as well as from small and medium-sized Hungarian enterprises to Korea.
Ultimately, the direct connection is 'not only a huge advantage for Hungarian and international companies, but also an opportunity for Hungary and the Hungarian capital airport to become the number one cargo hub in the region,' said Budapest CEO Rolf Schnitzler.
WORLD SHIPPING