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DVZT CEO held a meeting with Consul General of the Republic of Korea in Vladivostok


On 2 February the meeting of DVZT CEO Alexander Gordeyev with the Consul General of the Republic of Korea in Vladivostok Mr. Lee Seokbae took place. During the meeting, progress of the project implementation of a Specialized Far Eastern grain terminal in the port of Zarubino and its export potential were presented to Mr. Lee Seokbae.
The realization of this ambitious project will allow to increase volume of grain export and their derived products in the Asia–Pacific region and to provide potential transit freight traffic of neighboring countries. During the meeting they also discussed possible mechanisms of cooperation and participation of South Korean manufacturers and financial institutions in the construction of the grain terminal. Mr. Lee Seokbae noted the high degree of elaboration of the project, the absolute reality of its implementation and confirmed the interest of South Korea to be actively involved in the construction of the terminal and future implementation of export and import shipments through new and modern grain terminal, opening up new prospects for mutually beneficial cooperation with Russia.
Summing up the meeting, the Consul General of the Republic of Korea in Vladivostok announced his intention to soon bring to the Ministry of Agriculture, Ministry of Economy and Finance of South Korea information on the prospects of development of bilateral partnership. The negotiators also agreed to hold bilateral meetings on a regular basis.
Managing of the investment project is realized by Far East Grain Terminal LLC which is a 100% subsidiary of JSC UGC, established in accordance with the Directive of the Russian Government.