AsiaEuropePorts and Logistics
South Korea looks at Russian Far East port investment
South Korea’s oceans ministry is to conduct a feasibility study looking at developing a port in Russia’s Far East with an eye on détente with neighbour North Korea, as well as increasing transits through the Arctic waters.
The Ministry of Oceans and Fisheries said it will carry out the feasibility study in the next 12 months, looking at the port of Slavyanka, which borders North Korea and China.
A year ago, Hyundai Engineering & Construction signed a memorandum of understanding with Berkut, a Russian logistics and tourism company, to cooperate in the port development.