United Kingdom

Ajinomoto plans JV in S.Korea with NongShim

Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Ajinomoto Co Inc <2802.T> ::Says it plans to set up a joint venture AJINOMOTO NONGSHIM FOODS CO LTD in South Korea, jointly with South Korean firm Nongshim Co Ltd <<<004370.KS>>>.JV will be mainly engaged in powder soup manufacturing business .JV will be capitalized at 13 billion won (about 1.3 billion yen), and the company and Nongshim will own a 51 percent stake and a 49 percent stake in it respectively .