The Hyundai Corporation is considering the possibility of establishing a Ukrainian-Korean production facility in the Lviv region. This was discussed during a meeting between the Lviv region’s Governor Oleh Syniutka and representatives of the Hyundai Corporation, which took place on Thursday, 17 of December, the press service of the Lviv regional administration reports.

The head of the Hyundai Corporation’s Kyiv office, Ilya Jong, noted that the corporation has long been operating on the Ukrainian market and that it intended expand its capacity in Ukraine not only in the area of railway infrastructure, but also in other areas.

"Our goal is development of projects in Ukraine and conquest of new markets in Central and Eastern Europe. The corporation wants to develop, so it is important to find a good partner,” said Ilya Jong. “We intend to create a joint venture. The Lviv region is very attractive to us, and we are considering the possibility of locating a production base on the territory of the Lvov region. That is why we would like to consider the program for investors. I think that we will find common ground."

"I hope that our next meeting will be practical. Hyundai is a successful brand,” said Syniutka. “We are very interested in the production base of a world-famous company being located here. For us, it is important for such a partner as your company to be in the Lviv region."

At the end of the meeting, the head of the Lvov regional administration proposed that the Korean corporation provide the technical requirements for location of its production facilities in the region. 

As the CFTS portal reported, the Bombardier company (Canada), one of the world's largest manufacturers of railway equipment, is considering the possibility of cooperation with engineering enterprises in the Lviv region. This was discussed on 15 December during a meeting between Syniutka and Canada’s Ambassador to Ukraine Roman Waschuk.