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KOREA'S MUJU ATTRACTS INTEREST FROM US REAL ESTATE DEVELOPER.

Asia Africa Intelligence Wire

| November 10, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

MUJU, South Korea, Nov 10 Asia Pulse - A U.S. real estate developer has expressed interest in investing in the southern county of Muju for the development of a taekwondo complex, county government officials said Wednesday.

Muju County, 241 kilometers south of Seoul, recently signed a preliminary agreement with Winwheel Bullion for investment worth at least US$500 million, which will place it in a better position to win the bid to house the taekwondo complex, they added.

"The unprecedented amount of the investment promised by Winwheel Bullion shows the company's confidence that Muju County is most suitable for the taekwondo complex …

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News wire article from: Asia Africa Intelligence Wire November 10, 2004 700+ words
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