Business news from Ukraine

Head of Kirovohrad Regional State Administration Andriy Nazarenko and the director of Posco International Corporation on March 19 signed a memorandum of understanding, providing for mutually beneficial cooperation in the agricultural sector and expansion of investments in Kirovohrad region, the press service of Kirovohrad Regional State Administration reported. “For five and a half years I worked in Seoul, at the Ukrainian Embassy in the Republic of Korea, so I know this country well, I know its traditions, and this is a very powerful company. And the most important thing is that Posco knows about Ukraine. In 2019, the company made a powerful investment having built a terminal in Mykolaiv region. The company wants to develop it. Posco is interested in ground elevators. I really hope that the company will build one in Kirovohrad region,” the press service said citing Nazarenko.
The representative of the Korean company emphasized his interest in investments, business development in Ukraine and cooperation with Kirovohrad Regional State Administration.
“We look forward to further cooperation,” he said.
Posco International is one of the largest South Korean trading companies.
The main areas of activity are trade in agricultural products, goods of metallurgical and chemical industries, as well as the implementation of investment projects in the energy sector.