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A Korean company is going to invest up to $7 million to construct a fish-processing facility at the Kamchatka Peninsula. A cooperation agreement was executed between KOREA TRADING & INDUSTRIES CO.,LTD., a major Korean company, and Gorod 415, a Kamchatka based company, in the course of the Second Eastern Economic Forum on the 2nd of September
Korean investors intend to invest into construction of fish-processing factory at Kamchatka
A Korean company is going to invest up to $7 million to construct a fish-processing facility at the Kamchatka Peninsula. A cooperation agreement was executed between KOREA TRADING & INDUSTRIES CO.,LTD., a major Korean company, and Gorod 415, a Kamchatka based company, in the course of the Second Eastern Economic Forum on the 2nd of September.
The signing ceremony was attended by Pak Ro Bek, the Ambassador to the Republic of Korea in the Russian Federation, and Vladimir Galitsin, a Deputy Chairman of the Kamchatka Territory Government.
The executed Agreement provides that the Korean party will participate in the investment project aimed to construct an onshore fish-processing facility and a can-making factory in Petropavlovsk-Kamchatsky. The total amount to be invested is $10 million with Gorod 415 intending to invest about 3 million using its own funds.
The company plans to implement the investment project inside the 'Kamchatka' advanced social and economic development territory.
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