CALBEE, HAITAI TO SET UP JOINT VENTURE IN SOUTH KOREA
May 1st, 2011
BY WANG FANGQING
Major Japanese snack manufacturer Calbee has inked a deal with its long-term business partner in South Korea -Haitai Confectionery - to set up a 50-50 joint venture in June 2011. Located in Wonju-si, Gangwon-do of South Korea, the JV - to be called Haitai-Calbee Co.,Ltd - will have a total capital investment of South Korea Won KRW23.2 billion (USD21.6 million). "As part of our global strategy, the JV is expected to help us expand our market share in South Korea, which holds a very promising snack food market in Asia," said a ...
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