Korea's state-led economic development model offers important lessons for Hungary, which has relied heavily on foreign direct investment (FDI) to drive economic growth, according to a Hungarian expert. Zoltan Pogatsa, a professor at the University of Sopron in Hungary, made the remarks during a seminar titled "Hungary's Economic Strategy: Lessons from Korea's Development Experience," held at Sookmyung Women's University in Seoul, Oct. 22. Pogatsa highlighted the contrasting economic development paths of the two countries, noting that Hungary has relied heavily on FDI since gaining autonomy over its economic policies following the end of Soviet domination, while Korea pursued a state-led development model, taking on substantial debt to subsidize domestic firms. With FDI development strategy, Pogatsa argued that Hungary has limited its ability to develop globally competitive domestic brands and control its own supply chains, while Korea's strong government intervention to support domestic companies helped the country establish globally recognized brands such as Samsung and Hyundai. He also