President Moon Jae-in in Budapest for a three-day state visit is holding a summit with Hungarian President, Janos Ader.
The leaders are expected to discuss bilateral relations, the situation on the Korean Peninsula as well as areas of mutual interest, such as climate change and COVID-19.
Our Blue House correspondent Kim Min-ji travelling with the president joins us on the line.
Min-ji, get us up to speed on what's happening.
Right, the summit between Presidents Moon Jae-in and Janos Ader is expected to wrap up soon, and the leaders will announce the outcome.
President Moon arrived in Budapest Tuesday evening the last leg of his Europe tour after wrapping up the G20 Summit in Rome and the UN Climate Change Conference in Glasgow.
It's the first visit by a South Korean leader to the eastern European country in two decades.
They're expected to discuss bilateral relations, COVID-19, climate change and other regional affairs.
South Korea and Hungary established diplomatic relations in 1989.
Moon is also expected to use the trip to strengthen ties with the so-called Visegrad Group which also includes the Czech Republic, Slovakia and Poland.
Moon will hold a business forum with V4 business leaders this afternoon and a summit with the bloc's leaders tomorrow.
The V4 makes is an important market for Korea, especially in the fields of batteries and electric vehicles, with some Korean 650 companies doing business here.
Min-ji, I understand the president had a busy schedule as soon as he arrived. He paid respects to the victims of a boat collision on the Danube two years ago.
Right, last night, straight from the airport President Moon paid his respects to the 28 victims, 26 of them South Koreans, of a deadly boat collision on the Danube River two years ago.
It's regarded as the worst on the Danube in more than half a century, and a memorial to the victims was inaugurated earlier this year.
Moon thanked the Hungarian government for setting up the memorial as a place where people will always be able to mourn their loss.
Just to give you a recap on the evening of May 29th 2019, a cruiser collided with a sightseeing boat carrying 33 South Korean tourists and two Hungarian crew members causing the boat to sink almost instantly.
Just seven tourists survived, and the remains of one South Korean have yet to be recovered.
South Korea and Hungary worked together on the search and recovery effort.
That's all I have at this hour. Back to you Conn-young.