Korea

Hyundai plants Seoul's flag on 50,000ha of Russia

South Korea's Hyundai Heavy Industries yesterday announced it planned to lease 50,000 hectares of farmland in Russia's far east, in the latest sign of Seoul's push to increase its food security by outsourcing agricultural production overseas, writes Javier Blas

The growing lust for agricultural lands

Not a day goes by without new acreage being signed over. "For Sale" ads for agricultural property are now featured in the international financial press. And there's no dearth of clients.

Saudis and South Koreans in new land rush

Two of the world's biggest land investors - Saudi Arabia and South Korea - have announced moves to improve their food security. A South Korean company is to buy 125,000 acres in Russia over the next four years and a Saudi group has set up a £600m fund to buy land.

Terres agricoles: le grand monopoly

Le premier constructeur naval sud-coréen, Hyundai Heavy Industries, vient d'annoncer sa participation à l'effort national pour sécuriser les ressources alimentaires du pays. HHI vient d'acquérir 67,6% des parts de Khorol Zerno, propriétaire et exploitant de 10000 hectares de terres agricoles dans le grand est russe, dans la région de Khorolski.

SKorea shipbuilder buys big tract of Russian land

South Korea's largest shipbuilder, Hyundai Heavy Industries, announced it will buy a big tract of Russian farmland in the latest move by Korean firms to help their crowded country secure stable food supplies.

Madagascar: A Greek Tragedy That Will Hurt Investment

Deposed President Marc Ravalomanana brought the house of Madagascar down upon himself. But he has been replaced by a young untested leader who, although he has some public support, is full of himself and clearly contemptuous of democratic institutions. The result is that investment in Madagascar, and perhaps across the continent, will be hurt, writes Stephen Hayes