By Kang Seung-woo
POSCO is in negotiations with Ukraine over investment, the company said Friday.
Its Chairman Chung Joon-yang met with Ukrainian President Viktor Yanukovych and Prime Minister Mykola Azarov in Kiev on Thursday and Friday, respectively, and talked about business opportunities there.
Chung asked them to lend full-scale support to the world’s No. 3 steelmaker in launching projects of the company and its subsidiaries.
The projects include development of infrastructure, including harbor facilities, subways and roads.
The 62-year-old also suggested that his company can contribute to the Ukrainian steel industry with its high-quality technologies.
POSCO signed a MOU with Metinvest Holdings, Ukraine`s largest steel company, seeking business opportunities in the steel industry and in mining across Eastern Europe and the CIS regions as well as active exchange of technological and management information, in September 2009.
Ukraine has the world`s largest iron ore reserve, 6th largest coal reserve, and is the 8th largest steel-producing country.