Ukraine and South Korea have made progress in preparing for the signing of the Agreement between the governments of the two countries on financial support from the Economic Development Cooperation Fund (EDCF).
This topic became a key topic during the telephone conversation of the First Deputy Prime Minister of Ukraine – Minister of Economy Yulia Svyridenko with the co-chairman of the Korean part of the bilateral intergovernmental commission Yoon Song-dok.
EDCF is a Korean government fund that helps partner countries by providing financing for their industrial development and economic stability.
Currently, the draft of the corresponding intergovernmental agreement is at the finalization stage, which will make it possible to attract financial assistance for our country.
“We are ready to start signing immediately after the completion of the relevant domestic procedures,” Yuliya Svyridenko said.
Yoon Song-dok promised to personally facilitate the fastest possible processing of the agreement from the Korean side.
The Minister of Economy of Ukraine also thanked the interlocutor for the support of our country and the assistance provided by South Korea during the war with the Russian Federation.
“Ukraine expresses its gratitude to the Korean side for participating in the Conference on Reconstruction of Ukraine held in Lugano. Today, it is extremely important to continue helping Ukraine, as well as to deepen economic relations between the countries,” Yuliya Svyridenko said.
She emphasized that Ukraine is interested in the development of bilateral economic relations with partner countries, including the presence of domestic business in relevant markets and the implementation of initiatives on mutually beneficial terms.
“Despite the wartime conditions, we strive to continue to use the joint potential to expand cooperation and strengthen bilateral relations. We are ready to cooperate in various areas that are of mutual interest to Kyiv and Seoul,” said Yuliya Svyridenko.
The minister also emphasized that Korean companies are known for their experience in the implementation of infrastructure projects, and offered to take part in the post-war reconstruction of Ukraine. She invited us to join the investment opportunities that our country has now.
Based on the results of telephone conversations, the parties agreed on the details of investment and business proposals in economic areas that are of mutual interest to Ukraine and the Republic of Korea.
