Martial Arts, Seminar on Ukraine Market Entry Strategy through Public Procurement Held

Increased Opportunities for Corporate Business Participation with Expanded Government Support

The Korea International Trade Association (KITA) held a seminar titled "Strategy Seminar for Entering Ukraine through Public Procurement" on the 26th in collaboration with the law firm Yulchon LLC. About 100 businesspeople attended this seminar, where Professor Kim Manki of the KAIST Public Procurement Research Center, Dr. Volodymyr Matyushko, EU Digital Economy Envoy, and Attorney Jung Gyu-jin of Yulchon explained major project plans for enhancing Ukraine's economic added value and logistics sector, methods for participating in international bids, the business environment related to reconstruction, and the public procurement legal system.

In his opening remarks, Jeong Manki, Vice Chairman of KITA, said, "After our government decided to increase the budget related to Ukraine next year by about eight times compared to this year (62.9 billion KRW → 520 billion KRW), it additionally announced a support plan of approximately 2.3 billion USD (about 3.075 trillion KRW) at the recent G20 summit. This means that business participation opportunities for our companies have expanded accordingly."

He added, "It is important for our companies to pursue business participation by grasping various project information that Ukraine announces from time to time, in addition to the six projects selected by the Ministry of Land, Infrastructure and Transport, such as the Kyiv Transportation Master Plan. KITA will actively support our companies' participation in reconstruction projects by providing real-time local procurement information in Ukraine," he explained.

Professor Kim, in his presentation on "International Bidding for Ukraine Support," stated, "The European Bank for Reconstruction and Development (EBRD) initially agreed to support Ukraine with up to 3 billion euros last year and this year, but the actual support amount last year exceeded the promised amount by 200 million euros." This indicates that international organizations are actively supporting Ukraine. He continued, "Procurement projects ordered by the EBRD for Ukraine can be applied for through ECEPP (EBRD Client eProcurement Portal), and bids announced by the EU can be applied for through TED (Tenders Electronic Daily)."

Dr. Matyushko, in his presentation on the "Ukraine Recovery and Development Master Plan," explained, "Ukraine plans economic added value growth utilizing about 50 billion USD, including the development of high value-added agricultural products (about 7.7 billion USD), establishment of an automotive parts hub (about 3 billion USD), and development of machinery and agricultural machinery (about 200 million USD)." He also added, "The estimated reconstruction cost for the logistics sector is about 73.8 billion USD, of which about 8.9 billion USD is for urgent restoration costs, and an additional 64.9 billion USD is expected to be required in the long term."

Attorney Jung, in his presentation on the "Ukraine Public Procurement Legal System," advised, "Contracts must be concluded in compliance with the procedures under various international treaties to which Ukraine is a party," and explained, "When proceeding with G2G contracts with Ukraine, contracts must be concluded within a maximum of 35 days, and the contract must include ▲ the purpose of the contract conclusion, ▲ the outcomes resulting from the conclusion, ▲ explanations regarding the executing parties, and ▲ a draft resolution deciding the composition of the working group."

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