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Monday, July 30, 2007

Korean investors interested in Fiji

Investors from Korea have shown interest in setting up a bank and an alternative power generating venture in Fiji, according to the Ministry for Commerce.

Two companies, EZ Industries Corporation and Kyeryong Construction Company, have shown interest in alternative power generation from sugar and cassava. Korea has also shown interest in buying sugar from Fiji.

There has also been interest in other Fiji products including fish and fish products. Korea experiences shortage of fish and fish products, providing a potential export opportunity for Fiji fish.

A Korean bank has also indicated interest in setting up a banking/financial institution in Fiji to assist South Korean investors finance their projects in Fiji.

Kookmin Bank, hte largest bank in South Korea (based on asset value and market capitalisation), has indicated its interest in setting up business in Fiji.

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