Moohyup Opens Branch in Poland... Signs Business Agreement with Polish Business Federation for Ukraine Reconstruction

On the 12th (local time), the Korea International Trade Association (KITA) signed a Memorandum of Understanding (MOU) with the Polish Business Confederation (ZPP) in Warsaw, Poland, to strengthen Korea-Poland economic cooperation and collaborate on Ukraine reconstruction projects.

The MOU includes provisions for both organizations to enhance cooperation through information sharing and joint project development. KITA plans to open a branch office in Warsaw early next year to serve as a hub facilitating cooperation between companies from both countries. Both organizations also shared the recognition that collaboration between Korean and Polish companies in Ukraine reconstruction projects can create synergistic effects.

At the MOU signing ceremony, Chung Manki, Vice Chairman of KITA, stated, “There is increasing demand for cooperation in Ukraine reconstruction projects,” adding, “KITA is serving as an information channel by hosting seminars and publishing newsletters related to Ukraine reconstruction.” He further explained, “Given Poland’s geographical proximity and human network, it is expected to play a hub role in Ukraine reconstruction projects. Therefore, KITA will collaborate with the Polish Business Confederation to provide information and support joint market entry, generating synergy to assist companies from both countries.”

Marcin Nowacki, Vice Chairman of the Polish Business Confederation, said, “About 40,000 Ukrainian companies relocated to Poland with ZPP’s support are acting as intermediaries with their home country, promoting Polish companies’ participation in Ukraine reconstruction projects,” and added, “Although large infrastructure reconstruction projects are led by the government, private companies are expected to lead in logistics, housing, energy, industrial facilities, and logistics sectors, making cooperation among private companies important.”

He advised, “Rather than rushing to achieve large results in Ukraine reconstruction participation, it is important to accumulate achievements by engaging in small-scale reconstruction projects at the local government level, where orders are currently being placed, while preparing for participation in large-scale projects expected to be ordered in the long term.”