South Korea looks at Russian Far East port investment

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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