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Korea sees Ukraine as prospective transit hub

"A glance at the map is enough to understand the strategic location of Ukraine."

Korea sees Ukraine as prospective transit hub
Koo Chung Mo
Photo: Photo: Serhiy Nuzhnenko

South Korea believes that Ukraine has the potential to become a global transit hub, Koo Chung Mo, professor at the University of Gangwon said 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.

"A glance at the map is enough to understand the strategic location of Ukraine," the professor said.

He acknowledged that the Ukrainian infrastructure is not as developed as those of Poland or Turkey, but he believes it can be quickly corrected.

"Even if only part of goods from Korea to the EU and vice versa pass through the Ukrainian territory, Ukraine will be able to use its unique geographical position and become a transit hub of the cargo," said Koo Chung Mo.

Recently, Ukraine was trying to become part of a new Silk Road rout Ukraine - Georgia - Azerbaijan - Kazakhstan - China (via the Caspian and Black Seas)

The New Silk Road is assumed to redirect traffic flows in an eastern direction, bypassing the territory of Russia.