Samsung and Hyundai Explore Infrastructure Projects in Ukraine

South Korean technology giants, including Samsung, LG, Hyundai, and KIND, are exploring large-scale projects to help rebuild Ukrainian infrastructure, energy, and shipbuilding sectors, Delo.ua reported on May 27.

Following a diplomatic visit to Seoul, Mykolaiv Regional Military Administration Head Vitaliy Kim announced the signing of a new memorandum with HD Hyundai.

Speaking at the Media Center Ukraine, Kim detailed his high-level meetings with leadership from over 15 global companies during the Asian Leadership Conference. The primary objective is to present Ukraine as a prime investment platform, urging foreign partners to localize their production facilities and integrate advanced Asian technologies to drive rapid GDP growth in the country.

“I want Korean technologies to work in Ukraine,” Kim stated, according to Delo.ua. “The main idea of the visit is to present our state as a platform for investment so that partners can develop their business, use their taxes, and develop with us, primarily from a technological point of view.”

Cooperation with South Korea has been ongoing since 2023 and is already yielding practical results. Foreign specialists have tested Ukrainian industrial waste, specifically accumulated slag, for road construction. A test section of the road built by Korean partners using this material has withstood a year of use with excellent results. The local authorities are now awaiting certification to launch it as a financially and environmentally beneficial pilot project in the Mykolaiv region, Delo.ua wrote.

Further expanding the partnership, Delo.ua noted that Korean investors are being drawn into port logistics, complementing corporations like Posco International, which already operates a grain terminal in Mykolaiv. The regional administration is offering spaces within its largest industrial park and is finalizing a roadmap with the State Property Fund to formalize a 15-year strategic project. This long-term initiative will kick off with student and teacher exchanges to train specialists for future joint ventures.

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While the ongoing war and South Korea’s current government ban on its citizens traveling to Ukraine present immediate barriers to large-scale investments, Kim emphasized that project pre-documentation takes up to a year and a half. This makes immediate preparation essential. He also highlighted Mykolaiv’s competitive edge in attracting Asian capital through strict anti-corruption measures and supportive business conditions.

“No one canceled the motivation of the leadership and the attitude towards business,” Kim concluded, as quoted by Delo.ua. “For us, ‘white’ [transparent] business is a sacred cow that cannot be touched; it must be helped in every possible way. Therefore, even Ukrainian enterprises are moving to us, because conditions have been created: transparency, tolerance, accountability, and reporting.”

This latest memorandum builds on a growing partnership in maritime logistics between the two nations. Кepresentatives of Ukraine and the Republic of Korea have previously signed a protocol to launch joint efforts aimed at restoring Ukraine’s port infrastructure.

Formalized between Ukraine’s Ministry for Communities and Territories Development and South Korea’s Ministry of Oceans and Fisheries, the agreement outlined strategic directions for the sustainable development of Ukrainian ports. The dialogue established three priority areas: the physical restoration of port facilities, the modernization of Ukraine’s specialized fleet, and the introduction of modern electronic management systems to help integrate the country into European transport chains.

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