Korean diplomacy sees new opportunity in Madagascar

Korean diplomats are working hard to help Daewoo Logistics regain a huge land deal it lost after a 2009 coup d’etat in the island nation in anticipation of new elections slated for the first half of this year, according to Viru News

Much ado about a Daewoo subsidiary

Daewoo says its capital increase in its subsidiary in Madagascar will be used to pay operating expenses and to finance market studies concerning its future investments, mainly chicken farming and public construction works.

Madagascar Future Entreprises

The Korean company Daewoo Logistics Corporation has acquired all the shares in the agribusiness company Madagascar Future Entreprises. Its manager Kwon Kim is believed to have begun new negotiations with the present Malagasy government for agricultural projects.