On Thursday, November 2, 2023, Dentons Lee held a seminar for Korean companies in Hungary at Dentons Réczicza's office in Budapest, Hungary. 

The seminar, organized in collaboration with Dentons Réczicza, was held simultaneously online and offline, and Dentons experts provided insights into the political and economic situation of Hungary, as well as the legal and institutional landscapes for Korean companies which are operating the secondary battery business in Hungary or are interested in investing in the country. 

Dentons Réczicza is a top-tier Hungarian law firm with a large number of lawyers and expertise in various fields. It added depth to the seminar by presenting differentiated approaches and solutions to Hungarian regulations and risks related to labor, energy, environment, etc. that many Korean companies face. 

"The business environment is becoming increasingly complex and the change is fast-paced, and these changes are closely intertwined with various legal regulations," said Attorney Yong-Moon Kim (Labor) of Dentons Lee. He added, “For our clients to succeed in Hungary, it is crucial that they effectively utilize the help of experts who truly understand the country's legal system and policies and can provide the best solutions for each case. Dentons is ready to provide these solutions." 

Thanks to foreign investment, Hungary is known as the "battery plant" of Europe and is the world's third-largest producer of secondary batteries after China and the U.S. Two of the top three domestic EV battery manufacturers are also investing heavily in Hungary. Due to Hungary's geographical advantages, stable infrastructure and educational environment, many global companies other than secondary battery producers, including Germany's Big Three automakers and BASF, have already entered and are actively operating their businesses in Hungary, and it is continued investment and growth are also expected in the future.  

Dentons Lee will continue to work closely with Dentons Réczicza in the future and provide our best efforts and assistance for the success of our companies. 

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Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com