Orion Vice Chairman Hur Inn-chul (R) and National Federation of Fisheries Cooperatives Chairman Noh Dong-jin pose after agreeing to invest $44 million to build a joint
venture for the global expansion of South Korea’s seafood. They were at the NFFC office in Seoul on
Thursday. Photo courtesy of National Federation of Fisheries Cooperative.
SEOUL, Sept. 18 (UPI) -- South Korea food giant Orion announced Thursday that it will spend $22 million to establish a joint venture with the country's National Federation of Fisheries Cooperatives, which will match the investment with an equal amount.
The 50-50 joint venture, named 'Orion Suhyup,' will be supplied with seafood from the the federation, Korea's leading cooperative organization representing the fishing industry.
