Kubiv notes Ukraine's potential under large-scale engineering projects / Photo from UNIAN
Ukraine's Minister for Economic Development and Trade Stepan Kubiv has announced Ukraine and South Korea may set up joint ventures in engineering and metallurgy and start aerospace cooperation, which is expected to effectively realize both countries' potential.
"We can create joint metallurgical and engineering enterprises, R&D centers in Ukraine, which will combine Korean experience of high technologies and Ukrainian engineers' work; [we can] build engines under space projects and launch Ukrainian space vehicles," Kubiv said at the Ukraine-Korea International Economic Forum in Kyiv.
Ukraine has significant engineering potential for the implementation of large-scale projects, he said.
"Our engineering base is strongest in Central and Eastern Europe, as there are about 100 R&D centers of international high-tech companies. Among them is unfortunately only one opened by a Korean company, Samsung. Therefore each new project for education, science and innovation is an important step to merge the interests of business and science," Kubiv said.
Read alsoSouth Korea ready to invest in 4G and 5G in Ukraine He welcomed the opening of the Ukrainian-Korean Center for Education, Science and Innovation on the basis of Kyiv Polytechnic Institute and urged Korean businesses to invest in Ukraine, including broadband Internet projects.
As UNIAN reported earlier, Kubiv said earlier that Ukraine and South Korea have great potential for cooperation, and Kyiv is ready to offer Seoul close cooperation in the field of agriculture, engineering, space exploration and information technologies. According to the minister, Korea plans to invest in the development of 4G and 5G wireless communications technology in Ukraine.