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Chicken Processor Plans to Open Poultry Farms In NK

by 5m Editor
24 August 2007, at 9:48am

SOUTH KOREA - Maniker Co., a South Korean food maker, said Friday its executives will visit North Korea next month to finalize the company's project to set up chicken farms there.

Maniker, one of the nation's leading chicken-processing companies, has explored ways to build chicken farms in North Korea since 2002 to take advantage of the North's cheap labor.

During the visit in mid-September, Maniker executives and North Korean officials will choose the location of the chicken farms between Sariwon, south of the North Korean capital of Pyongyang and Samilpo near Mt. Geumgang on the east coast, the company said in a statement.

North Korea has showed "positive" response to the project, Maniker said.

If the project is successful, Maniker will be the first direct investment by a South Korean company outside an inter-Korean industrial complex in the North Korean border city of Kaesong.

"At this time, we expect the North Korean business project to produce a visible result," said a Maniker official on condition of anonymity.

Source: TheKoreaTimes

5m Editor