14:26 10.04.2017

The Ukrainian CCI is organizing the Ukrainian-Korean economic forum in Seoul

The Ukrainian delegation, headed by the President of the Ukrainian CCI, will travel to Korea in the upcoming days to conduct business negotiations. Such companies as SigmaBleyzer Investment Group, AgroGeneration, Grant Thornton, Integrites, Saint Mykola Medical Center, Institute for Global Transformations, Kyiv Investment Agency, and others are among business mission participants. Experts foresee that the Business Forum, which will be held in Seoul on April 11, will substantially strengthen the positions of Ukrainian business in the Asian region. This is already the 4th Ukrainian-Korean Economic Forum organized by the Ukrainian Chamber of Commerce and Industry with the support of the Embassy of the Republic of Korea in Ukraine, the Korean Trade Investment Promotion Agency (KOTRA), the Embassy of Ukraine in the Republic of Korea. "The Master Plan of economic cooperation between Ukraine and Korea" will be presented at the Forum, as well as a line of Ukrainian investment projects.

"The goal of the master plan is to create a platform which will facilitate the establishment of contacts between Ukrainian SMEs and Korean investment funds. Today, there is a lack of information for Korean investors about investment projects in Ukraine. The Ukrainian CCI, as the largest business association in Ukraine, is a platform which will inform business on how to effectively interact with this master plan. Korea should become an important market for national products and a source of investments and technologies, necessary for modernization of the economy of Ukraine. It is worth to focus on specific steps which our country could make for bringing relations with Korea to a new level of strategic partnership," said the President of the Ukrainian CCI Gennadiy Chyzhykov.

The main task which stands before the Ukrainian delegation is to activate cooperation between Ukraine and Korea in the energy, agriculture, engineering, IT, medicine, infrastructure sectors. The Forum foresees B2B negotiations between business circles of both countries. Over 165 Korean companies (in particular, SK Holdings, Samsung Electronics, Posco Daewoo, LS networks, KIA Motors and others) will take part, as well as Korean government members. The Ukrainian delegation is supported by representatives of an international law firm and two deputy Ministers of Agricultural Policy and Infrastructure.

Twenty-nine enterprises with Korean capital operate in Ukraine. The Republic of Korea remains the leading investor into Ukraine's economy among Asian countries with US$171.51 million. At the same time, it accounts for a mere of 0.4% of the total amount of direct foreign investments in the Ukrainian economy.

Ukrainian CCI Press Office

press@ucci.org.ua;

(044) 584 2836

Interfax-Ukraine is the event media partner.

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