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Companies from South Korea are ready to invest in tourism and gold mining in Kamchatka - EastRussia | Far East

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Companies from South Korea are ready to invest in tourism and gold mining in Kamchatka

In the framework of the first Russian-Korean Forum of Interregional Cooperation in Pohang, the Kamchatka Development Corporation (KRKK) signed three agreements with South Korean investors. Companies are ready to develop projects in the key areas of the peninsula for the economy - tourism and the mineral resource sector.

During the last year, the Corporation approached the signing of agreements, offering potential investors and partners to get acquainted with the region’s territory, promising projects and opportunities for business development.

Urban Solution Co. will help develop tourist flow from Korea to Kamchatka. Ltd. Already on November 20 KRKK together with the airline S7 will hold on Kamchatka a road show for representatives of travel companies in South Korea. They will be introduced to the staff of the regional government, with the region's travel companies. Urban Solution will help attract members. Already in the spring of 2019, the partners expect a significant influx of Korean tourists to Kamchatka.

Investment company Dong-In Fa Co. Ltd will invest in the construction of hotels in the Kamchatka region. Now KRKK and company representatives are moving to more specific and substantive negotiations, including in the economic component.

Another agreement KRKK signed with a partner of steel global company POSCO - Ansar Biz Co. Ltd. It may become an investor of a large-scale gold field development project already underway in Kamchatka.