South Korean Ambassador to Israel Yu Myung Hwan: Other Korean companies are also interested in investing in Israel.
South Korean Ambassador to Israel Yu Myung Hwan told Minister of National Infrastructures Joseph Paritzky yesterday that Hyundai (KSE:11760) and Korea Gas Corporation (KOGAS) (KSE:36460) were very interested in investing in Israeli infrastructure installations, particularly power stations and natural gas.
Ambassador Hwan said other Korean companies were also interested in investing in Israel. He said Hyundai was interested in building power stations and other infrastructure projects, while Kogas was in contact with Israeli business concerns to bid in the $400 million natural gas pipeline tender.
Paritzky said he considered international participation in these kind of projects extremely important.
Published by Globes [online] - www.globes.co.il - on September 18, 2003