South Korea intends to invest in Ukrainian agribusiness

Ukrinform learnt this from the Ukrainian Chamber of Commerce and Industry.

"Currently, Ukraine and Korea use only about 10% of the possible potential for mutual trade turnover, which could be increased up to $6-7 billion per year. We need a symbiosis of the traditional economy – metallurgy, chemistry, agricultural sector – and such new technologies as high-tech and bioengineering, which are Ukraine’s strength areas," President of the Ukrainian Chamber of Commerce and Industry Hennady Chyzhykov said during the fourth Ukrainian-Korean Business Forum in Seoul.

As noted, a number of proposals were received from the Koreans, in particular, regarding the investments in construction of the mobile elevators, transshipment capacities and in a project of cultivating special elite onion varieties in Ukraine for exports to the EU.

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