13:44 22.02.2021

Hyundai ready to transfer technologies to Ukraine to localize high-tech production

1 min read
Hyundai ready to transfer technologies to Ukraine to localize high-tech production

South Korean Hyundai Corporation is preparing to start negotiations on the possible localization of high-tech production in Ukraine.

"Hyundai also plans to begin detailed negotiations on the possibility of investing in Ukraine and transferring technologies to localize the production of complex technologies," said Eun Soo Choi, Vice President of the Commercial Transport and Energy Division of Hundai Corporation, during the All-Ukrainian Forum "Ukraine 30. Infrastructure" on Monday.

He also stated that Hyundai Corporation is inviting Ukrainian President Volodymyr Zelensky and representatives of the Ukrainian government to visit Hyundai's facility in Korea.

The South Korean Hyundai Corporation will allocate $2 million in grant funds for the development of a pre-feasibility study for the construction of a high-speed European-gauge railway network (1,435 mm).

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