South Korea has decided to engage in a working group responsible for executing the peace plan put forth by Ukrainian President Volodymyr Zelenskyy, as confirmed by a South Korean President‘s office on Wednesday.
This determination emerged during National Security Adviser Cho Tae-yong’s recent visit to Saudi Arabia, where he participated in international peace discussions concerning Ukraine.
The assembly, convened with the involvement of national security advisers from 45 countries, witnessed a predominant consensus among participants to collectively contribute towards concluding the ongoing conflict and swiftly reestablishing stability within Ukraine.
Ukrainian President Volodymyr Zelenskyy’s proposed peace plan, recognized as the Peace Formula, encompasses ten key points to address critical issues, including nuclear safety, food security, and energy security. Notably, the plan also emphasizes the release of all detainees and deportees, among other crucial elements.
The notion of forming a working group tasked with overseeing the execution of the Peace Formula was a central topic of discussion during the recent meeting in Saudi Arabia. This initiative coincided with the visit of South Korea’s National Security Adviser, Cho Tae-Yong, who actively participated in global peace dialogues regarding the Ukrainian situation.
During South Korean President Yoon Suk Yeol’s unexpected visit to Ukraine last month, an initiative was unveiled wherein South Korea committed to extending a comprehensive package of security, humanitarian aid, and reconstruction support to the conflict-affected nation. This inclusive package also involved South Korea’s efforts to encourage participation from crucial developing countries in the anticipated Peace Formula Summit.
South Korea’s involvement in the working group aligns with its aim to facilitate its enterprises’ participation in substantial post-war reconstruction projects in Ukraine.
In anticipation of these endeavors, South Korea has permitted a delegation of thirty business representatives to journey to Ukraine, evaluating prospective reconstruction ventures.
According to Yonhap, numerous Korean enterprises will follow suit and plan visits to Ukraine to explore avenues for involvement in potential reconstruction undertakings. The companies specializing in construction, infrastructure, utilities, and the energy sector have already exhibited keen interest in contributing to Ukraine’s reconstruction efforts.
Guided by Minister Won Hee-ryong, a South Korean delegation will visit Ukraine and discuss the proposed reconstruction projects with Kyiv’s officials. Parallaly, the Ministry of Industry is coordinating a separate panel comprising energy and manufacturing firms on their visit to Ukraine in October.
These concerted endeavors have been catalyzed by South Korean President Yoon Suk-yeol’s visit to Ukraine in July, during which he pledged security, humanitarian aid, and reconstruction assistance.
According to Ukrinform, Andriy Yermak, the head of the Office of the President of Ukraine, expressed confidence that the meeting in Jeddah will be historically significant. He noted that the gathering substantiates an increasing willingness of numerous nations to collaborate on the Ukrainian Peace Formula, thereby contributing to the growing isolation of Russia in this context.