Daedong Gear is showing strong performance. As the mineral negotiations between the United States and Ukraine, considered a key variable for ending the war in Ukraine, have reached an agreement, there are prospects that the Russia-Ukraine war will come to an end after three years.
A rapid recovery of agriculture, one of the core elements of Ukraine's economic recovery, is necessary. Urgent restoration of damaged farmland and facilities, as well as recovery of agricultural productivity, is required. It is also necessary to diversify exports by fostering the food processing industry, moving away from a raw material export-centered economy. According to the Korea Trade-Investment Promotion Agency (KOTRA), Ukraine's key industry, agriculture, has suffered a total loss of $80 billion in the agricultural sector since the Russia-Ukraine war, with direct losses amounting to $13 billion. Losses in agricultural machinery reached $5.8 billion, and losses in agricultural products were $1.97 billion.
As of 9:23 AM on the 26th, Daedong Gear is trading at 25,100 KRW, up 14.61% from the previous day.
According to major foreign media, the mineral negotiations between the United States and Ukraine, considered a key variable for ending the war in Ukraine, have reached an agreement, and both sides could sign as early as the 28th. There are also prospects that Ukrainian President Volodymyr Zelensky will visit the United States on the 28th to meet with U.S. President Donald Trump.
Agricultural machinery company Daedong plans to rebound its performance this year through quantitative growth in major global markets such as North America and Europe. It also plans to explore and develop new markets like Ukraine. Despite the global agricultural machinery market being sluggish due to prolonged high interest rates and increased agricultural production costs, Daedong aims to overcome this by differentiating its products through the application of new technologies and diversifying its lineup. Daedong is also placing high hopes on new markets such as Ukraine, where opportunities for post-war reconstruction projects have opened. Ukraine is one of the world's three major granaries, with annual tractor imports exceeding 1 trillion KRW. Last year, Daedong signed a contract with a Ukrainian agricultural machinery importer to supply tractors worth 30 billion KRW over three years and completed the first shipment last month. This year, Daedong plans to actively expand its business in Ukraine, participate in local agricultural reconstruction, and strengthen its market position through various channels such as supporting the capacity building of young farmers.
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