Home Business News Kyiv attracts possible investments from the world’s most influential investors with $8bn from South Korea

Kyiv attracts possible investments from the world’s most influential investors with $8bn from South Korea

by LLB Finance Reporter
23rd Nov 23 6:21 am

During a visit to the US President Volodymyr Zelensky met with some of America’s most influential investors and the heads of the largest global funds.

With the assistance of JP Morgan who are the largest investment bank in the world where there funds exceed $30 trillion introduced the President to the founder of Bloomberg LP, Micheal Bloomberg.

Zelensky also met with the head of Pershing Square Capital fund Bill Ackman, head of Starwood Capital fund Barry Sternlicht, founder of Citadel LLC Ken Griffin, president of the investment company Blackstone Jonathan Gray, deputy chairman of BlackRock Philipp Hildebrand among many others.

The press service of the President’s Office reported, “The parties discussed the prospects of attracting the largest American business to the restoration of Ukraine and the implementation of investment projects.

“American entrepreneurs and financiers have confirmed their readiness to make large-scale investments in Ukraine immediately after the end of the war and receiving security guarantees.”

Ukraine is also included in the list of priority countries for bilateral cooperation with the Republic of Korea under the Official Development Assistance (ODA) program.

Kyiv will receive the first tranche of up to $300 million from the Economic Development Co-operation Fund (EDCF) already in 2023 within three or four months from the signing of the second stage of the agreement, this is expected in a month.

Ukraine’s Ministry of Economy reported on Wednesday, “The next tranche of up to $3 billion will become available in 2024 with a gradual increase in the limit to $8 billion as the pipeline of projects fills up.

“Ukraine will also be able to use Korean capacities and experience for the post-war restoration of destroyed infrastructure, industrial and civil facilities.”

Minister of Economy of Ukraine Yulia Svyrydenko said, “We count on the active participation of Korean business in the post-war renewal of our country, and today’s signing will attract significant investment from South Korea to accommodate new technological production facilities in strategically important sectors in Ukraine in partnership with global Korean corporations.”

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