In collaboration with the Korean government, CJ Logistics has become the only logistics company participating in the Ukrainian reconstruction project. The company has established networks with government officials, including the Ministry for the Restoration of Ukraine, to actively contribute to the reconstruction efforts. Led by Won Hee-Ryong, Minister of Land, Infrastructure, and Transport, ‘One Team Korea’ is set to commence restoration efforts around six key projects.
On the 17th, Kang Byoung-Gu, CEO of CJ Logistics’ Global Unit, attended the ‘Korea-Ukraine Reconstruction Cooperation Forum’ held in Kyiv between the 13th and 14th as part of the ‘Ukraine Reconstruction Cooperation Delegation (One Team Korea).’ The delegation, led by Minister Won Hee-Ryong, includes 18 public and private organizations, with CJ Logistics being the only logistics company. During the two-day discussion on combining restoration efforts, Ukrainian government officials reportedly urged CEO Kang to provide substantial support for Ukraine to leverage its geographical advantage as a gateway to Europe and transform it into a central hub for railway and port transportation.
As a result of the discussions, CJ Logistics signed an MOU with JJ Group, an investment company involved in Ukraine’s reconstruction project, to develop an inland dry port in the Lutsk region of Ukraine. The MOU outlines cooperation for developing a large-scale inland port capable of handling more than 5 million tons of cargo. JJ Group is a private holding company formed primarily by Ukraine’s Sokrat Investment Group. Lutsk, a city situated in the basin of the Styr River in the northwestern part of Ukraine, is considered a key hub for railway and overland transportation. CJ Logistics and JJ Group plan to support the transportation of food resources, such as grains and edible oils, through the port that can connect maritime and railway transportation. Ukraine is one of the world’s largest grain producers, and the reconstruction of the major export routes will improve its economic situation and global food security concerns.
Furthermore, CJ Logistics will be expanding its project logistics business, which entails the transportation of related equipment and construction materials, in accordance with the agreement between the Korean delegation and the Ukrainian government to pursue the ‘6 key projects.’ These projects include the restoration of major transportation facilities, such as roads, railways, and airports, the reconstruction of the Kakhovka Dam, and the restoration of key infrastructure, including water supply and sewage systems. The company aims to strengthen its collaboration with other companies participating in the reconstruction project.
CJ Logistics also anticipates continuing discussions for a potential logistics business partnership with the Ukrainian national post in the medium to long term, with goals set to prepare for exporting K-beauty and K-fashion to the Ukrainian market. The company plans to pursue Ukraine’s reconstruction project through its overseas subsidiaries, CJ ICM, based in Dubai and Turkey, and its office in Poland, which was established earlier this year. CJ ICM is a joint venture established in partnership with EBRACOM, the leading heavy cargo logistics company in the Middle East. CJ ICM has built a network spanning 19 countries across three continents, including the Middle East, Europe, and the CIS (former Soviet Union countries), and has extensive experience in heavy cargo project logistics, especially in large-scale infrastructure-focused reconstruction projects.
CJ Logistics’ Global Unit CEO Kang expressed gratitude to the government officials who fully supported Korean companies’ participation in Ukraine’s reconstruction project through the joint public-private initiative ‘One Team Korea.’ The company is committed to restoring the critical logistics infrastructure, ensuring stability for the Ukrainian people and improving the economic situation.
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