HD Hyundai expands role in Ukraine reconstruction
May 22 (Asia Today) -- HD Construction Equipment said Friday it signed an agreement with Ukraine's Mykolaiv regional government to expand cooperation on postwar reconstruction.
The memorandum of understanding was signed Thursday at HD Hyundai's Global R&D Center in Pangyo, south of Seoul. Attendees included Mykolaiv Gov. Vitaliy Kim, HD Hyundai Vice Chairman Cho Young-cheul and HD Construction Equipment President Moon Jae-young.
The agreement expands cooperation that began in 2023, when HD Construction Equipment worked with the Mykolaiv regional government on construction equipment donations and training.
The two sides agreed to broaden cooperation to include equipment supply, a local training center, service and maintenance support, financing systems and energy infrastructure restoration.
HD Construction Equipment has continued reconstruction talks with Ukrainian government and local officials since the war began. In 2023, Ukraine's first deputy infrastructure minister, Vasyl Shkurakov, visited the company's Ulsan campus, leading to further discussions on rebuilding projects.
The company later donated five major pieces of equipment, including excavators and forklifts, to Mykolaiv. The equipment is still being used for emergency recovery and infrastructure restoration work.
HD Hyundai said it plans to pursue a groupwide reconstruction cooperation model combining its construction machinery and energy capabilities.
"We will build a cooperation system that can make a practical contribution to Ukraine's reconstruction, going beyond simple equipment supply," Cho said.
-- Reported by Asia Today; translated by UPI
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This story was originally published May 22, 2026 at 4:56 PM.