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Ukrainian prime minister calls for more biz investment by S. Korean companies

All News 15:00 October 05, 2016

SEOUL, Oct. 5 (Yonhap) -- The Ukrainian prime minister has met with representatives from leading South Korean companies to ask for more investment and closer economic cooperation, the Ukrainian Embassy in Seoul said Wednesday.

Prime Minister Volodymyr Groysman asked the South Korean business representatives to "deepen trade and economic cooperation and enhance investment in the Ukrainian economy, in particular in the energy sector, industrial complexes and mechanical engineering" during the meeting on Monday, the embassy said.

The South Korean representatives were from the state-run Export-Import Bank of Korea, electronics giant Samsung Electronics Co., non-profit organization W Foundation, steel maker POSCO's trading unit, POSCO Daewoo and the steel firm's construction affiliate POSCO A&C, according to the embassy.

During the talks, the prime minister also invited Korean companies to take part in the Ukraine government's plan to privatize state-owned enterprises that will be launched in the near future, the embassy also said.

"Prime Minister Groysman stressed that trade and economic collaboration between Ukraine and South Korea has significant prospects for development," the embassy quoted him as saying. "The existing volume of investment in Ukraine worth US$161 million and bilateral trade volume worth $714 million do not correspond to the (total) opportunities for cooperation."

pbr@yna.co.kr
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