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Vinnytsia, Ukraine signs recovery-related accords with Sambu Engineering, 3 other Korean firms

Photo of agreement signing by Vinnytsia regional council

The regional council of Vinnytsia in central Ukraine signed an agreement with four South Korean companies including Sambu Engineering & Construction and manufacturer Taemyung Industrial to work on projects related to reconstruction and manufacturing.

The Korean delegation also included The Codi, a manufacturer of semiconductor and display equipment, and Roze AI, which makes disaster prevention and safety equipment, the council said on its website.

"The development of industrial production, the desire to introduce innovations and SMART specializations, open up wide prospects for cooperation," said regional council head Vyacheslav Sokolovy at the meeting. "I hope that this will be the beginning of the implementation of many projects."

The regional council gave few other details, but South Korean businesses have been particularly active in visiting Ukraine in the past year in search of business opportunities, and the South Korean government has pledged reconstruction support to Ukraine.

In September of last year, South Korean President Yoon Suk Yeol announced an aid package of $2.3 billion for the reconstruction of Ukraine, including $300 million in aid next year and $2 billion in low-cost loans from 2025.

Agreements signed in Ukraine by Korean companies in recent months include areas such as nuclear energy, dam restoration, solar technology, oil refining, lithium mining, “green” metallurgy, water resource management, and others.

South Korean firms that have visited Ukraine include Hanwha Solutions, Yooshin, Posco,  Korea Land and Housing, Korea Water Resources, Samsung C&T, Hyundai Engineering & Construction, HD Hyundai, Naver, KT, CJ Korea Express and others.

Notable projects include the development of a smart transportation master plan for Kyiv and area and a smart city plan for the city of Uman, rebuilding the exploded Kakhovka dam in the south and the sewage treatment infrastructure in the Kyiv suburb of Buch, and upgrading Kyiv’s Boryspil International Airport.

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