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South of Korea will have two terminals for coal transshipment

CJ Group reported that it decided to invest 18,6 billion won in the construction of two terminals for coal transshipment in the south of South Korea, reports IA RUSCOR.

This is the group's first large-scale investment since its chairman, Lee Jay-hyun, was imprisoned for embezzlement and loss of confidence last July. The terminals will be built at Gunsan and Mokpo, which will allow 2 to create new jobs in these regions in 000, CJ said.

“This project was postponed after Chairman Li was detained. We made the decision to make investments to contribute to the revitalization of the domestic economy, ”said a spokesman for CJ.

The group made its decision at a time when the government issued calls for conglomerates to step up investment to support the economy and create new jobs. "The project will contribute to the economic aspirations of the government," said a spokesman for CJ.

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