HD Hyundai Vice Chairman Cho Young-cheol, center, HD Hyundai Construction Equipment President Moon Jae-young, left, and Mykolaiv Oblast State Governor Vitaliy Kim pose after signing a memorandum of understanding under which the Korean company will provide construction machines and training to the Ukrainian province, at HD Hyundai's Global R&D Center in Seongnam, Gyeonggi Province, Thursday. Courtesy of HD Hyundai Construction Equipment
Engineering giant HD Hyundai will expand efforts to rebuild war-torn Ukraine by diversifying support channels using its construction equipment arm.
HD Hyundai Construction Equipment said Friday it signed a memorandum of understanding (MOU) with Ukraine’s Mykolaiv Oblast State Administration to provide the support package. HD Hyundai Vice Chairman Cho Young-cheol, HD Hyundai Construction Equipment President Moon Jae-young and Mykolaiv Oblast Governor Vitaliy Kim signed the deal. The signing took place at HD Hyundai’s Global R&D Center in Seongnam, Gyeonggi Province, Thursday.
The MOU followed HD Hyundai Construction Equipment’s donation of five vehicles including excavators and forklifts in 2023. Under the renewed partnership, the Korean firm will not only provide more construction vehicles but establish a vehicle control training center in Mykolaiv Oblast and provide maintenance and related services. Funding and restoring local energy infrastructures in the Ukrainian province were also included. The Korean firm said the partnership has advanced to a mid- to long-term plan.
HD Hyundai said its assistance for Mykolaiv Oblast will expand even further in the future, combining the conglomerate’s construction equipment and energy capabilities.
“Beyond simply supplying the equipment, we will establish a cooperative network that can practically contribute to the reconstruction of Ukraine,” Cho said. “By utilizing our capabilities in construction equipment and energy sectors, we will actively step forward to supporting local infrastructure restoration and stabilization.”
Kim, a fourth-generation Korean-Ukrainian, said, “This agreement is a significant milestone for the systematic reconstruction of Mykolaiv Oblast and will serve as a key driving force in rebuilding our infrastructure, energy sectors and local communities. I express my deepest gratitude to HD Hyundai and Korea for providing continuous support to Ukraine and building a long-term partnership.”
HD Hyundai Construction Equipment began helping Ukraine in 2023 when Ukrainian First Deputy Minister for Communities, Territories and Infrastructure Development Vasyl Shkurakov visited HD Hyundai’s regional office in Ulsan to request help for the restoration. The company later that year donated construction vehicles to Mykolaiv Oblast, which the company said are still in use there.
In the following year, the company accelerated the rebuilding initiative in Ukraine by launching a subsidiary in Kiev and inviting Ukrainian government officials to the new office to forge a stronger bilateral partnership. At the subsidiary, the bilateral partners discussed what later became pedestals for the latest agreement between HD Hyundai Construction Equipment and Mykolaiv Oblast.
Source: Korea Times News
