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An industrial park for Korean companies will be built in the Far East

An industrial park for Korean companies will be built in the Far East
Photo: pixabay.com

The state corporation ELCH Corporation plans to build an industrial park in the Far East to accommodate the production of Korean companies. The priority area for the implementation of the project is the ASEZ Nadezhdinskaya in Primorsky Krai.

The estimated investment in the project will amount to 13 billion rubles. According to the press service of the Far East Investment Promotion and Export Support Agency (ANO IPA), for an industrial park in which more than two thousand jobs will be created, you need a land plot in 50 ha.

EH Corporation intends to act as a guarantor for Korean companies that want to locate production in the Russian Far East. The company announces 30 potential residents. Manufacturers of auto parts have already shown interest in the project; by the end of February 2020, ANO IPA plans to sign cooperation agreements with the first seven residents of the industrial park.

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