Company of South Korea will build a plant for fish processing in Vladivostok

Company of South Korea will build a plant for fish processing in Vladivostok


The South Korean company Ssang Mun Co.Ltd plans to invest 10 million dollars in building of plant for processing of water biological resources.

VLADIVOSTOK, 10 Oct. The South Korean company Ssang Mun Co.Ltd plans to use in the free port of Vladivostok to build a plant for processing of water biological resources, the investment in which will be a minimum of $ 10 million, according to the Ministry.

Issues of economic cooperation were discussed during the working meeting the Deputy head of the Ministry Maxim Shereikin and President of South Korean company Ssang Mun Co.Ltd Lee Sang Yoon. The negotiations resulted in the signing of the Memorandum.

“The Memorandum recorded the interest of potential investors to implement the new economic policy in the macro-region and the desire to create new industries,” said Saraykin.

In the area of the free port of Vladivostok, the company Ssang Mun Co.Ltd plans to build a plant for processing aquatic biological resources.

“The minimum investment will be 10 million dollars. In the long term investment may be increased to 50 million dollars”, — stated in the message.

Ministry will assist and support in project processing plant. We are talking, including about the selection of a suitable site and facilitate in obtaining necessary approvals and permits at all stages of investment project implementation. Also, the investor plans to take advantage of privileges and preferences under the regime of free port of Vladivostok.