Local firms ink agreements with China’s Jilin worth $3.4BKorean firms and China’s northern Jilin Province have agreed to engage in joint venture projects worth 3.9 trillion won ($3.4 billion), a local business organization said Monday.
Under the MOU reached in Seoul, 48 Korean companies and 48 Chinese regional government agencies and businesses will form partnerships to move forward on various business projects, the Korea Chamber of Commerce and Industry said.
The two sides will engage in such areas as agriculture, construction, energy, distribution and tourism, Korea’s largest private economic organization said.
Lotte Group, the Korea Software Enterprise Association and HS Machinery have expressed interest in business tie-ups with Jilin.
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