Valeriy Korol was born on May 5, 1955 in Kyiv.

He graduated from Shevchenko Kyiv National University with a degree in Economic Geography and from Kharkiv State University, where he studied at the faculty of rational use of resources. He completed graduate school at the Institute of Social Research of the Academy of Sciences of Ukraine.

Valeriy Korol has worked in the system of the Ukrainian CCI since 1990, focusing on the development of international economic relations. He completed courses and fellowships in the United Kingdom, Germany, USA and other countries. A former representative of the Ukrainian CCI in Korea, he is an expert on issues of foreign economic activity and international economic relations.