Posco pledges to support Ukraine’s reconstruction

Choi Jeong-woo, chairman of South Korean steelmaker Posco, renewed his commitment to joining and supporting Ukraine’s post-war reconstruction work during a meeting held last Friday, Kallanish learns.

Choi met Ukrainian Ambassador to South Korea Dmytro Ponomarenko, and Ukrainian lawmakers Andriy Nikolayenko and Serhiy Taruta at the steel giant’s headquarters in Seoul, the capital city of South Korea.

“The partnership between our two countries will be further strengthened. Posco Group will consolidate all its capabilities to initiate reconstruction projects as soon as possible,” said Choi.

In March, the enterprise has launched the so-called Ukraine Reconstruction Taskforce and hopes to take aprt in a series of rebuilding projects. The target areas include steel, energy, infrastructure, food, and secondary battery materials. For steel, Posco targets various forms of cooperation such as energy production for steel manufacturing in Ukraine.

In response, Andriy Nikolayenko said, “I think POSCO Group is the best partner for rebuilding Ukraine, which was wounded by war, and further building a new Ukraine.” He added, “I will actively work to ensure that.”

Customs data shows that South Korea exported 9,851 tonnes of iron and steel under HS codes 72 and 73 to Ukraine over January-August, surging 51% from a year earlier. But the value decreased 3% at $11.28 million.

Kallanish Asia