South Korea plans to invest in 4G and 5G development in Ukraine

The Republic of Korea announced plans to invest in the development of digital infrastructure for 4G and 5G network capability in Ukraine. This was reported by the Press Service of the Ministry of Economic Development after the meeting of First Vice Prime Minister of Ukraine Stepan Kubiv with Korean Ambassador Li Yang Gu and representatives of the Korean Investment Corporation K-Growth.

“The volumes of mutual trade and investment in Ukraine by the Republic of Korea are not yet significant. It’s time to change this situation and develop effective cooperation, especially in the development of information infrastructure for 4G and 5G in Ukraine,” Kubiv said.

According to him, cooperation is one of the overriding priorities of the work of the government and the Ministry of Economic Development, and Korea is an acknowledged world leader in mentioned field.

Towards the end of 2016, Ukraine began working on the development of 5G communication. Local mobile operator LifeCell and manufacturing companies Ericsson and Huawei, which produce equipment for communication networks, announced the joint development of the fifth generation communication standards.


Ukraine, South Korea to develop aerospace cooperation

Ukraine and South Korea are working on boosting cooperation in the aerospace area.

The press service of the State Space Agency of Ukraine (SSAU) reported that further development of promising cooperation in the sphere was discussed at the fifth meeting of the Ukrainian-South Korean committee for scientific and technical cooperation of the relevant joint working group.

“The sides discussed the state and prospects for development of Ukrainian-South Korean cooperation in the current cooperation spheres and studied the opportunities of developing cooperation in new areas, the satellite segment and the application of global space systems in the public economy sphere,” the press service said.

Representatives of South Korean Ministry of Science, ITC and Future Planning, Korea Aerospace Research Institute (KARI), the South Korean Embassy in Ukraine and representatives of SSAU, Yuzhnoye (Pivdenne) Design Bureau, Research and Production Enterprise Hartron-Arkos Ltd. and the National Center of Space Facilities Control And Test took part in the meeting.

South Korea is a promising partner of Ukraine in cooperation in the aerospace sphere in Southeast Asia. The sides have successful cooperation in the launch services: in 2013-2015 Dnepr carrier rocket placed South Korean satellites KompSat-5, STSat-3 and KompSat-3A to orbit.

Yuzhmash (Pivdenmash) is holding talks with KARI on expanding cooperation in the creation of aerospace equipment. Recently Yuzhmash finished a contract signed with KARI in 2016 to supply equipment to the customer.

Sources: and