South Korean LS Networks will become the first foreign investor in the Far East TOP – Bulletin

a department of the South Korean group LG LS Networks will become the first foreign investor territories of priority development (TOR), formed in the Far East, “Interfax” referring to the press service Minvostokrazvitiya. Last week in Seoul signed a memorandum of understanding between the Minister of Development of the Far East and President Alexander dumplings transnational company LS Networks Kim Seung Dong.

«This document is a testament to the desire of the company to become one of the investors in projects carried out in the Far East. LS Networks has expressed interest in the development of infrastructure of the territories of priority development, formed in the Far Eastern regions “, – says Minvostokrazvitiya.

LS Networks has extensive experience in launching major industrial parks, clusters of shipbuilding, manufacturing and assembly of electronic and household appliances. Earlier, South Korean concern addressed by the developer feasibility study of the passenger terminal for the airport of Yuzhno-Sakhalinsk.

«LS studied Russian law on the establishment of TOR and believes this is a promising area,” – said in a statement.

The law “On Territories of advancing socio-economic development in the Russian Federation”, adopted at the end of last year, came into force on 30 March. By decision of the Government of the Russian Federation, the top are set up for 70 years, which may be extended if necessary. In the next three years, the top will act only in the Far Eastern Federal District. Tors will be the first site in the Primorye Territory – “Nadezhdinskaya” and in the Khabarovsk Territory – “Khabarovsk” and “Komsomolskaya”. Private investment of these areas exceed 50 bln.