Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Exports to US reach all-time high, widen gap with China

    Exports to US reach all-time high, widen gap with China
  2. 2

    Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'

    Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
  3. 3

    [Music in drama] Rekindle a love that slipped through your fingers

    [Music in drama] Rekindle a love that slipped through your fingers
  4. 4

    S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister

    S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
  5. 5

    [New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea

    [New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
  1. 6

    On May Day, labor unions blast Yoon's foreign nanny proposal

    On May Day, labor unions blast Yoon's foreign nanny proposal
  2. 7

    Seoul Metro to seek legal action against malicious complaints

    Seoul Metro to seek legal action against malicious complaints
  3. 8

    Illit, mired in controversy, remains on Billboard charts for 5th week

    Illit, mired in controversy, remains on Billboard charts for 5th week
  4. 9

    [KH Explains] Will alternative trading platform shake up Korean stock market?

    [KH Explains] Will alternative trading platform shake up Korean stock market?
  5. 10

    S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates

    S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
지나쌤

Korean firms, Jilin province agree on W3.9tr investment projects

By Korea Herald

Published : June 18, 2012 - 20:15

    • Link copied

South Korean firms and China’s Jilin province agreed to engage in joint venture projects worth 3.9 trillion won ($3.4 billion), a local business organization said Monday.

Under the memorandum of understanding reached in Seoul, 48 South Korean companies and 48 Chinese regional government agencies and businesses will form partnerships to move forward on various business projects, the Korea Chamber of Commerce and Industry said.

The two sides will engage in such areas as agriculture, construction, energy, distribution and tourism, South Korea’s largest private economic organization said.
KCCI chairman Sohn Kyung-shik (right) toasts with Sun Zhengcai (center), secretary of the Jilin Provincial Party Committee of China, and Chinese Ambassador to Seoul Zhang Xinsen at a meeting to promote trade in Seoul on Monday. (Yonhap News) KCCI chairman Sohn Kyung-shik (right) toasts with Sun Zhengcai (center), secretary of the Jilin Provincial Party Committee of China, and Chinese Ambassador to Seoul Zhang Xinsen at a meeting to promote trade in Seoul on Monday. (Yonhap News)

Lotte Group, the Korea Software Enterprise Association and HS Machinery Co. have expressed interest in business tie-ups with Jilin, which is located in northwestern China and includes Yanbian Korean Autonomous Prefecture. The province also borders North Korea to the south.

The KCCI said Jilin is one of China’ main heavy industrial hubs with average annual growth in the past three years reaching 13 percent. Such growth promises considerable business opportunities for South Korean companies wanting to diversify into emerging markets. 

(Yonhap News)

More from Headlines