Business news from Ukraine

Business news from Ukraine

HYUNDAI CORPORATION INTERESTED IN CREATING JV IN LVIV REGION

18 December , 2015  

KYIV. Dec 18 (Interfax-Ukraine) – Hyundai Corporation is mulling the possibility of creating a joint Ukrainian-South Korean venture in Lviv region, the press service of the Lviv Regional Administration has reported.

The press service said that the issue was discussed at a meeting of Lviv Regional Administration Head Oleh Syniutka with a representative of Hyundai Corporation on Thursday.

The representative of Hyundai Corporation in Kyiv, Ilya Jeong, said that the company has been working on the Ukrainian market and plans to expand its presence, not only in the railway infrastructure area, but in other areas.

“Our goal is to develop projects in Ukraine and conquer new markets of the Central and Eastern Europe. The company wants to develop, and it is important to find a good partner. We plan to create a joint venture. Lviv region is very attractive for us, and we’re discussing the possibility of placing the industrial base here. We would like to see the programs for investors,” the press service said, citing Jeong.

He said that a meeting with the head of one of the enterprises in the region which Hyundai Corporation is mulling as a potential partner was held.

Syniutka said that the advantages of the region are its location, infrastructure, safety and stable political situation.

He said that the region helps to realize investment projects and there will not be problems with selection of skilled specialists.