Conference on investment in Hunchun to be held in Seoul

Park Sae-jin Reporter Posted : 2014-05-21 09:59 Updated : 2014-05-21 17:38
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The Aju Business Daily (, a leading South Korean newspaper, will hold a conference on investment in Hunchun, northeast China's Jilin Province, at the Diamond Hall on the 22nd floor of Seoul Plaza Hotel at 4 p.m. on May 22.

Hunchun, which borders North Korea and Rissua, is expected to become a regional logistics hub in the Era of Eurasia. 

In October last year, South Korean President Park Geun-hye proposed the “Eurasia Initiative” to connect Eurasian nations by linking roads and railways.  

The Chinese authorities began work to develop the Tumen River international cooperation zone into national-level border economic cooperation zone in April 2012. The river serves as part of the boundary between China, North Korea, and Russia.

The zone, built on 90 square kilometers of land, is divided into four districts - international industrial cooperation, border trade cooperation, Sino-North Korea economic cooperation and Sino-Russia economic cooperation. Completion is due for 2020.

Those who wish to invest in the zone will be given preferential treatment, including tax cut, financial assistance and fostering manpower.

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