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Cabinet names promising areas for cooperation with Korea

Stepan Kubiv sees considerable potential for investment in Ukraine.

Cabinet names promising areas for cooperation with Korea
Stepan Kubiv

The Cabinet has identified promising areas for cooperation with South Korea, First Deputy Prime Minister of Ukraine Stepan Kubiv said on 14 June.

Ukraine has significant potential for investment and the development of trade and economic cooperation with the Republic of Korea in many industries, he stressed as he spoke at the international forum "Economic Cooperation of Korea and Ukraine", which was organized by the Embassy of the Republic of Korea in Ukraine, Gorshenin Institute and Ernst & Young firm.

"The most promising for the Republic of Korea are the supplies of Ukrainian agricultural and food products, cooperation in the engineering and energy sectors, infrastructure projects, participation in exhibitions and fairs, held in Korea and Ukraine, cooperation in tourism, investment cooperation, including in IT-technologies," Kubiv said.

He expressed hope that the forum will strengthen the economic cooperation between the two countries.

In 2015 the trade turnover between Ukraine and South Korea was about 651m dollars.