Ssangyong Engineering & Construction (Ssangyong E&C), a South Korean construction firm known for large-scale overseas infrastructure projects, is exploring potential investment opportunities in Ukraine’s post-war reconstruction through talks with the country’s State Property Fund (SPFU).
Several media outlets reported that a second round of official discussions was held at SPFU headquarters in Kyiv on May 20. The first meeting took place in February 2023.
As part of its efforts to finance reconstruction, the SPFU is actively pursuing the privatization and leasing of various state-owned assets.
During the meeting, specific targets for privatization were discussed, including a state-run construction firm, a port operator, and a petrochemical company.
Deputy Chairman of the SPFU, Ihor Tymoshenko, stated, “Our top priority is to build long-term, mutually beneficial relationships with investors.
We are fully prepared to ensure transparency and efficiency at every stage of cooperation.”
Ssangyong E&C has been steadily exploring opportunities to participate in Ukraine’s recovery efforts. In November 2023, the company held discussions with Ukraine’s Recovery Agency, following earlier talks with the Ukraine Investment Promotion Office in February of the same year.
It also contributed to the remodeling of refugee housing facilities for Ukrainians in Poland.
The United Nations, Ukraine, the European Commission, and the World Bank jointly estimate that Ukraine’s reconstruction will require $486 billion over the next decade.
This figure is based on damage assessments from February 2022, when the war began, through the end of 2023.
