ITOXI announced on the 12th that it participated in the ‘Ukraine Reconstruction Project Advancement Strategy Seminar’ jointly held by the Korea International Trade Association and the Global Procurement Development Institute and presented cases of companies entering the local market.
At this seminar held at the Trade Tower in Samseong-dong, Seoul, speakers such as Kim Man-ki, director of the Global Procurement Development Institute, Irina Pletnova, Mayor of Uman, Ukraine, Dr. Dorin Rotaru of the World Health Organization (WHO), and ITOXI CEO Jeon Bong-gyu participated as speakers to discuss the status of demand for reconstruction in Ukraine and participation in projects. Presentations were made on the topics of strategy, current status of local government-led reconstruction projects, and cases of local expansion into Ukraine.
Kim Man-ki, director of the Global Procurement Development Institute, said, “According to the Ukraine Emergency Damage and Reconstruction Requirements Analysis Report (RDNA) published by the World Bank, the total amount needed for Ukraine’s recovery and reconstruction is estimated to be about $486 billion (approximately KRW 665 trillion). “As it has been analyzed that there is a large demand in the transportation and energy sectors, where Korean companies have strengths, domestic companies should participate in the reconstruction project in earnest through public procurement bidding, etc.,” he said.
“Since the war, approximately 220 Ukrainian health facilities have been attacked,” said Dr. Rotaru of the World Health Organization. “WHO is carrying out international procurement to provide a wide range of medical services, from providing basic medical kits to psychological treatment. “He explained. Jeon Bong-gyu, CEO of ITOXI, presented cases of local expansion, such as the establishment of a local joint venture after the war and the registration of domestic pickup truck procurement with the Ukrainian Ministry of Defense Procurement Service, saying, “Due to the ongoing war, there were many difficulties in dispatching domestic experts to the local area. He announced, “To reduce the risk of entering the Ukraine market, collaboration and continuous communication with strong local partners and establishment of partnerships with relevant organizations are essential.”
Meanwhile, according to the company, several mid-sized company officials who attended the seminar showed great interest in sharing local expansion cases and requested strategic meetings and collaboration with ITOXI.
