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South Korea Foreign Investments Ukraine

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BUSINESS
March 4, 1998 | MARY MYCIO, SPECIAL TO THE TIMES
Capping the largest foreign investment here in seven years of independence, the AvtoZaz automotive factory has launched a joint venture with South Korean conglomerate Daewoo that will pump $1.3 billion into Ukraine's moribund passenger-car industry. "This will not only renew the AvtoZaz company but will also boost Ukraine's economy," AvtoZaz General Director Oleksandr Sotnikov said after a formal signing ceremony Monday in Zaporizhia, 300 miles south of Kiev.
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BUSINESS
March 4, 1998 | MARY MYCIO, SPECIAL TO THE TIMES
Capping the largest foreign investment here in seven years of independence, the AvtoZaz automotive factory has launched a joint venture with South Korean conglomerate Daewoo that will pump $1.3 billion into Ukraine's moribund passenger-car industry. "This will not only renew the AvtoZaz company but will also boost Ukraine's economy," AvtoZaz General Director Oleksandr Sotnikov said after a formal signing ceremony Monday in Zaporizhia, 300 miles south of Kiev.
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