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Korean company to overhaul farm equipment for Ukrainian farmers

Korean company to overhaul farm equipment for Ukrainian farmersUkrainian Prime Minister urged the South Korean investors to provide capital for the Ukrainian energy sector, manufacturing and mechanical engineering, UBR.

Ministry of Agrarian Policy and Food of Ukraine and the Korean company "POSCO DAEWOO" signed a protocol of intent to implement the project on agricultural equipment renovation in Ukraine for the Ukrainian small and medium-size farmers, according to the press service of the government.

Prime Minister Vladymyr Groisman met with heads of the leading Korean companies.

According to him, the existing investments in Ukraine in the amount of $ 161 million and mutual trade of $ 714 million in 2015 do not correspond to the existing opportunities for cooperation between the two countries.

In this context, he called on the representatives of South Korea to deepen economic and trade cooperation and increase its investment in the Ukrainian economy, in particular in the fields of energy, manufacturing, mechanical engineering.

Vladymyr Groisman has also invited Korean businesses to take part in large-scale privatization of public enterprises, which will soon begin in Ukraine.
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