Peter Szijjarto said after meeting his South Korean counterpart Kang Kyung-wha that the wreckage is more than six metres (20 feet) under water, with the Danube expected to keep rising because of rainfall.
Twenty-one people, including 19 South Koreans, are still missing after Wednesday's collision.
Seven people were rescued and seven are confirmed dead.
Szijjarto and Kang visited the site of the collision, near the Hungarian parliament, before holding talks at the Foreign Ministry.
One of the bodies recovered was found nearly 12 kilometres (7.5 miles) downstream, nearly two-and-a-half hours after the collision.
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