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Ukraine offers South Korea cooperation in agriculture, engineering, cosmonautics and IT-field
11:47, 14 June 2016
Ukraine offers South Korea cooperation in agriculture, engineering, cosmonautics and IT-field

State's First Vice Prime-Minister features Korea currently ranks fourth in turnover among Asia-Pacific countries

11:47, 14 June 2016

Reuters

Ukraine and South Korea have a great potential in cooperation. Thus Kyiv wants to offer Seoul the collaboration in the agriculture, engineering, cosmonautics and IT-fields (UNIAN).

Ukrainian Minister of Economic Development and Trade Stepan Kubiv said this during the Ukraine-Korea business forum.

"Agriculture export, Engineering and construction field, tourism and investment cooperation on the IT-sphere are the most promising for our collaboration with South Korea", Kubiv says.

According to him, Korea is currently the fourth state with the turnover amount among the countries of the Asia-Pacific region. The total sum of Ukrainian export to Korea accounts for $395 million, and positive trade balance is $10 million in total.

"The amount of Korean investments into Ukrainian economy comes to $161 million", - he adds.

He also featured that this amount can be increased.

Related: Ukraine stops life-saving medication supply to Russia

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