Jan 11, 2011

South Korean giants in US grain trading firm plan



STX Corp and Hanjin Transportation are part of consortium by South Korea that plans to set up a grain trading firm in the US. State-owned Korea Agro-Fisheries Trade Corp is in talks with STX and Hanjin as well as, CJ CheilJedang Corp and Samsung C&T, to form a consortium to establish a grain trading firm in Chicago to mitigate impact of global food volatility according to local reports.
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Source: Seatrade Asia

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