"South Korean businesspeople are planning to use the facilities of PDAs and the Vladivostok Free Port provided to investors. The Far East Development Corporation received at least three applications worth 2.6 billion rubles," the ministry said in a statement.
The Korean investors plan to construct a plant to manufacture polyurethane products and detergents on the Free Port territory. In the Khabarovsk PDA, the investors are willing to build a plant to produce plastic wrap and wicketed bags.
The Russian government has approved the creation of 13 PDAs in the Far East since the law on PDAs came into force in early 2015. The law seeks to develop Russia's remote regions by providing tax breaks and other benefits to PDA resident companies, thus spurring investment.
