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South Korea in Austria | South Koreans in Vienna | Foreign Relations

Hilton Vienna Stadtpark Sold to South Korean Securities Consortium for €333 Mio

The Hilton Hotel near Vienna's Stadtpark is said to have been sold for €333 million ($375 million) to a Korean securities consortium - Hana Financial Investment Co., NH Investment & Securities Co., and Meritz Securities Co. The consortium is planning a modernization for €66 million ( $75 million).

July 19, 2019

Vienna Welcomes New Ambassadors from South Korea, South Africa, Bolivia, Sri Lanka, Morocco and Sierra Leone

On July 10, 2019, Austrian Federal President Alexander Van der Bellen welcomed the six newly accredited Ambassadors of South Korea, South Africa, Bolivia, Sri Lanka, Morocco and Sierra Leone to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.

July 19, 2019

Meet the New Ambassador of the Republic of Korea to Austria: H.E. Mr. Shin Chae-hyun

The new Ambassador of the Republic of Korea (South Korea) to Austria, and Permanent Representative to the United Nations and other International Organizations in Vienna, H.E. Mr. Shin Chae-hyun presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg. He succeeds Ambassador Shin Dong-ik in this position.

July 18, 2019

40 Years of the UN in Vienna - The Tireless Commitment of António Guterres

UN Secretary General António Guterres completed a busy programme when he came to Vienna for the 40th anniversary celebrations and the R20 Austria World Summit. The VIC Vienna International Centre is the place where, with the help of the Sustainable Development Goals (SDG), the 193 member states, 15 Vienna-based UN organisations and more than 5000 people from 125 countries from around the world are bound together.

May 31, 2019

Austria's Most Important Trading Partners - Ranking of the Top-20

Although the United States is only the second largest Austrian export partner after Germany, in 2018 exports exceeded the ten billion euro mark for the first time, growing by +9.7%. Imports, on the other hand, were only about half as high. Of the top 20 import partners, all, with the exception of Switzerland, showed a positive development. Imports from Russia, the UK, Slovakia, Poland and Slovenia recorded double-digit growth.

March 29, 2019

Laxenburg Research Institute IIASA Deepens Relations with South Korea

Since the Republic of Korea’s (South Korea) membership of IIASA began in 2008, a range of research collaborations and capacity building activities have been developed by IIASA and 18 Korean research partners. Now, Shin Dong-ik, Ambassador to Austria and Permanent Representative of the Republic of Korea to the United Nations in Vienna, visited IIASA to learn more and to talk about the IIASA research agenda and the institute's current and future research collaborations with South Korea.

March 26, 2019

Meet the Ambassador of the Republic of Korea to Austria: H.E. Mr. Shin Dong-ik

H.E. Mr. Shin Dong-ik is Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to the Republic of Austria and to the Republic of Slovenia and Permanent Representative of the Republic of Korea to the International Organizations in Vienna. He was followed in this post by Ambassador Shin Chae-hyun in July 2019.

March 26, 2019 · Updated: July 10, 2019; 12:00

Austrian State Visit to the Mutually Hostile Countries Japan and South Korea

The two East Asian states, South Korea and Japan, which have been enemies for more than 100 years, are visited by Chancellor Kurz as part of the trip to East Asia. The trip is focusing on the economy, digitisation, education and transport. Meetings with South Korean President Moon Jae-in and Prime Minister Lee Nak-yeon are held in Seoul and with Japanese Prime Minister Shinzo Abe in Tokyo.

February 11, 2019

Hallstatt App 2.0 - Protective Measures against Chinese Tourists

The Upper Austrian community defends itself against too many tourists, especially from China and South Korea. Since the Chinese built an exact copy of the city in Guangdong Province, and the South Koreans partly shot a soap opera in Hallstatt, the popularity of the Dachstein community has increased enormously. As a result, more and more tourists come to Hallstatt as part of a bus tour classic with 4 destinations including Hallstatt. In the previous year there were exactly 19,344 coaches. For the first time in the history of Austria, a town is now defending its friendly visitors by implementing the new "Traffic Concept Hallstatt 2018" and by strictly controlling the entrance to the town centre.

January 29, 2019

New Austrian Foreign Trade Strategy: Growth, Jobs, Prosperity

In a joint event in the Aula of Sciences, the Federal Government's new foreign trade strategy was presented by Economics Minister Margarete Schramböck, Foreign Minister Karin Kneissl and President of the Chamber of Commerce Harald Mahrer. The key points of the strategy are the following: Perspective, value orientation, location effect, focal points, future orientation, communication, efficient coordination.

December 20, 2018

Updated Directory of Foreign Ambassadors in Austria 2019

Below you will find the updated Vindobona.org list of foreign ambassadors and representatives of the bilateral and multilateral missions and representations in Vienna, Austria (including description of persons, pictures, CVs, etc.).

November 19, 2018 · Updated: July 19, 2019; 11:50

Austria Strengthening Venture Capital Structures with Seoul and Shanghai

Margarete Schramböck, Austrian Federal Minister for Digitisation and Business, visited Seoul, the capital of South Korea and China's greater Shanghai metropolitan area, together with a high-ranking delegation of experts from the fields of digitisation, science and business, with the aim of strengthening Austria as a location for innovation.

November 9, 2018

Austria, the OSCE and the Asia Pacific - Effective Multilateralism in a Globalized World

The Austrian Foreign Ministry in the framework of its Chairmanship of the OSCE Asian Contact Group (Afghanistan, Australia, Korea, Japan and Thailand), is organizing a conference on “Effective Multilateralism in a globalized world - The case of Europe and Asia Pacific” at Palais Niederösterreich, Vienna. The conference will focus on multilateral security mechanisms in Europe and the Asia Pacific region, as well as on economic connectivity and co-operation.

May 14, 2018

South Korea's LG Electronics Acquires Austrian Automotive Supplier ZKW for €1.1 Bln

South Korean electronics manufacturer LG Electronics is acquiring the Lower Austrian lighting and electronics systems specialist ZKW for more than 1.1 billion euros. It plans to buy a 70 percent stake in ZKW Holding, a supplier to Mercedes-Benz and BMW. Its holding company LG Corp. will purchase the remaining stake for 330 million Euro. LG hopes to expand its position in the automotive lighting sector for self-driving cars. ZKW was previously wholly owned by the entrepreneur Ulrich Mommert.

April 26, 2018

TTTech Sets Up Joint Venture in Shanghai to Deploy Key Technology for Autonomous Driving Cars in China

The Vienna-based technology company TTTech and China's largest automotive group Shanghai Automotive Industry Corporation (SAIC) announced a joint venture with the intention to produce an Intelligent Driving Central Controller (iECU), which will be installed on the first China-made intelligent driving vehicle later this year. TTTech holds 49.9 percent in the new joint venture.

March 15, 2018

20 Years Comprehensive Nuclear-Test-Ban Treaty (CTBT): Ministerial Meeting at VIC

Marking the 20th anniversary of the signing of the Comprehensive Nuclear-Test-Ban Treaty (CTBT), a Ministerial Meeting was held at Vienna International Center. Hosting some 40 international organizations, Austria is a hub for the promotion of peace, safety and security, sustainable development and the fight against crime, drug abuse and terrorism.

June 20, 2016

Kurz: North Korea is Increasingly Isolating Itself from the International Community

Austrian Foreign Minister Sebastian Kurz condemns the latest North Korean nuclear test in the strongest terms and underlines his full trust in the CTBTO.

January 11, 2016

Austrian Ministry of Foreign Affairs: Council of Ministers Places 27 New Diplomats at Head of Embassies

The Council of Ministers of the Austrian Ministry of Foreign Affairs has decided to place 27 new Austrian diplomats at head of Austrian Embassies worldwide.

December 10, 2015

How Can Exporters Benefit from the "Go-International Initiative" of the Austrian Chamber of Commerce?

Even in a challenging global economic environment, exports remain the driving force behind the Austrian economy. The go-international initiative of the Austrian Chamber of Commerce encourages companies to step across the border by offering advisory services, events and support, as well as making it easier for existing exporters to enter additional foreign markets.

October 19, 2015

Austria to Support China's "Asian Infrastructure Investment Bank"?

The Austrian Finance Ministry confirmed that Austria will participate in the China-proposed Asian Infrastructure Investment Bank (AIIB) project after receiving the appropriate approval from the government. Now it checks for a potential engagement. China is taking matters into its own hands. It will use the new bank to expand its influence at the expense of America and Japan. Its decision to fund a new multilateral bank reflects its frustration with the slow pace of global economic governance reform. China is the biggest economy in Asia, but the Asian Development Bank (ADB) is still dominated by the Japanese: Japan’s voting share is twice China’s and the ADB’s president has always been Japanese. Also, reforms to give China more say at the International Monetary Fund (IMF) have been delayed for years.

March 27, 2015

Background: The New "Asian Infrastructure Investment Bank"

The Asian Infrastructure Investment Bank (AIIB) is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States. AIIB is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. Austria recently said, that it is "positive" and that it "now checks for a potential engagement".

March 27, 2015

Quality of Living Rankings: Vienna Tops the List Again

Vienna remaines at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.

March 4, 2015

Global Peace Index: Austria is Third Most Peaceful Country

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

March 4, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The Vindobona table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015 · Updated: February 7, 2018; 08:12

Austria is Celebrating 60 Years of United Nations Membership in 2015

Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.

February 5, 2015

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Czech Airlines May be Taken Over by Korean Air

The Korean airline company aims to take over the publicly held stake in Czech Airlines.

March 5, 2013

Austrian Showcase in Seoul: Renewable Energy and Biomass

From 22. October 2012 to 23. October 2012, Austrian Know-How in the fields of Forest machinery, renewable energy and biomass will be presented in Seoul.

July 2, 2012

Austria-Korea Automotive Technology Days

From 14. November 2012 to 16. November 2012, Austrian automotive suppliers present themselves in Seoul.

June 30, 2012

Austria and South Korea Celebrate 120 Years of Bilateral Relations

Austria´s Foreign Minister Spindelegger: "Relationships between South Korea and Austria better than ever".

June 26, 2012

Bene Expands in Asia

The Austrian manufacturer of office furniture founded a joint venture together with the Singapur-based Ollo Group. Bene aims for entering new markets successfully.

February 24, 2012

Innovation Index: Austria Falls Behind

Austria again loses in competitiveness: among the EU member countries, Austria occupies the eighth rank.

February 7, 2012

Austrian Foreign Trade Deficit on the Rise

From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.

December 7, 2011

Plansee Grows in Korea

With the acquisition of TCB, he Austrian Plansee Group expands in South Korea.

October 25, 2011

Siemens VAI: Major Order from South Korean Steel Industry

The Austrian Siemens VAI Metals Technologies has received the order to build a steelwork. The factory´s capacity should be 2m tons per year.

September 27, 2011

Free Trade Agreement with South Korea

WKÖ: Additional trade potential for Austrian companies in South Korea for € 350m.

February 19, 2011

Engel Expands in China

Engel, the Upper Austrian machine builder, benefits from the economy and intends to triple the capacity of the Shanghai location.

February 1, 2011

A-Tec Sells AE&E India

The insolvent Austrian group belonging to Mirko Kovats is being gradually separated from its stakes. AE&E India goes to the Korean Doosan.

January 19, 2011

Cooperation Between Korean LG and Austrian Zumtobel

LG Innotek and Zumtobel Group conclude LED cooperation agreement.

December 15, 2010