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Korean business will take part in the development of agriculture in Primorye

Governor of Primorsky Territory Vladimir Miklushevsky met with President of Hyundai Heavy Industries, Chon Mon Jung.

The head of Primorye asked how successful the investment projects of the Korean side are in the territory of the region.

Chon Mont Zhong assured Vladimir Miklushevsky that the implementation is in full swing. The Republic of Korea is one of the four main partner countries of Primorsky Krai, which each year account for more than 80 percent of the region's foreign trade turnover.

According to him, recently the interest of Korean capital in cooperation in the field of agriculture has been noted. The priority areas of agricultural activity are the production of cereals, vegetables, potatoes, soybeans, as well as meat and milk.

Vladimir Miklushevsky noted that cooperation with the Korean side in the field of agriculture is fruitful.

The Republic of Korea is one of the main investing countries in Primorye. In total, as of January 1, 2014, about 111 million dollars of Korean investments were accumulated in the economy of the region, 24 million of which came in 2013 from the Republic of Korea.

In order to attract Korean investment in the regional economy, the first road show was held in Seoul last year - a presentation of the investment potential of the Primorsky Territory. The South Korean partners were able to get acquainted with the projects that are planned for implementation and are already being implemented in the region.

The sides also discussed cooperation in other areas. Jeong Mong Zhong to 2011 year was vice-president of the international football association FIFA, so he was interested in how football develops in Primorye.

“We have a team of“ Luch-Energia ”, which quite successfully represents the region at competitions of various levels. In addition, hockey is developing in Primorye, our Admiral team went to the KHL playoffs last year, and every hockey match gathers over 5 thousands of spectators on the ice arena, ”the governor said.

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