South Korean steelmaker POSCO has pledged to help rebuild Ukraine by initiating modular construction projects to repair the country's infrastructure following Russia’s invasion in 2022.
Vice chairman Jeong Tak visited Ukraine earlier this week, and met with Mykolaiv governor Vitaliy Kim. The two signed a memorandum of understanding to build new steel modular manufacturing facilities in the province.
POSCO said it has chosen modular construction as a first step in its rebuilding process because its block-building method can save time on construction work and is thus effective for rebuilding Ukraine's key infrastructure — housing, schools and hospitals — fast.
"The modular construction can save project duration by up to 60%''.POSCO official
"The modular construction can save project duration by up to 60%," said an official of the company based in Pohang, North Gyeongsang Province.
"The fact that Kim is of Korean origin also helped with the MOU," the official added.
Jeong requested that Ukraine's key government assisted with the rebuilding process, which will utilize POSCO’s ‘technological assets in the fields of steelmaking, energy, construction and IT’.
Source: The Korea Times