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Senior exec of construction equipment manufacturer HD Hyundai XiteSolution to visit Ukraine in September, sources tell Korea Times

By Ukraine Rebuild News Staff

Construction equipment manufacturer HD Hyundai XiteSolution will send a representative to accompany Won Hee-ryong, South Korea’s minister of land, infrastructure and transport, on a visit to Ukraine this month, The Korea Times reported, citing unnamed sources.

The company, a unit of HD Hyundai, the world’s largest shipbuilder and heavy industries conglomerate, will limit its delegation to a single person, a senior executive, because of South Korean safety-minded limits imposed on visits by nationals to Ukraine during war time, the newspaper reported.

HD Hyundai XiteSolution, which just posted Q2 revenue equivalent to $1.8 billion, also accompanied South Korean President Yoon Suk Yeol in July on a trip to Poland to meet Ukrainian officials and discuss involvement by Korean companies in the reconstruction of Ukraine.

That delegation also included Samsung C&T, Hyundai E&C, Kolon Global, Hyundai Rotem, Yooshin Engineering, Naver, Korea Land & Housing Corp, Korea Water Resources, the International Contractors Association of Korea and the Export-Import Bank of Korea.

Korean firms have firmly established a presence in Ukraine and have expanded their reach in recent months, with Hyundai E&C agreeing in July to rebuild Ukraine’s largest airport, Boryspil International, once the fighting stops, and conglomerate K-water agreeing to help rebuild the Kakhovka dam which was blown up in June. Also, Samsung C&T signed a reconstruction agreement in July with the city of Lviv, western Ukraine, along with Turkish construction firm Onur, according to a LinkedIn post by Onur.

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