ISEcommerce Signs Four-Party MOU for Ukraine Reconstruction Project

ISEcommerce (CEO Lee Heon) announced on the 5th that it has signed a memorandum of understanding (MOU) with Kookbo, a KOSPI-listed company, the Eurasian Economic Association (Chairman Yang Yongho), and Technopark Flight City 4.0 (Co-Chairmen Sergey Nedelko and Sean Kwak) to activate logistics, distribution, robotics, drones, and essential daily materials businesses in the post-war Ukraine reconstruction project and the Eurasian market, valued at 1,200 trillion KRW.

The main contents of this MOU include establishing a local corporation for goods supply, cooperation and joint business promotion with local companies, attracting investment, formulating business plans for entry into the Ukrainian and Eurasian markets, and establishing distribution channels. It aims to start concrete discussions to accelerate the Ukraine reconstruction project. The company is expected to play a role in completing the e-commerce infrastructure to supplement Ukraine’s insufficient commercial infrastructure and build a platform in this reconstruction project.

The Eurasian Economic Association, established in July 2018 as a non-profit corporation, trains experts in the Eurasian region and provides related education, consulting, and local networks to companies and organizations wishing to enter Eurasia. Technopark 4.0 is a Ukrainian public organization jointly founded by former president of the National Aviation Academy Sergey Nedelko and Sean Kwak. It operates branches in three provinces including Kirovohrad Province. Many Korean companies are currently requesting collaboration with FlightCity 4.0.

A company official stated, “Through this MOU, we will accelerate Korean companies’ participation in the Ukraine reconstruction project and soon form a consortium with Kookbo and domestic companies to expand our footprint into the Eurasian region, including Ukraine.”

This content was produced with the assistance of AI translation services.