Deal #1014

Location #1

Spatial accuracy level
Approximate location
Location
Новодевица, Приморский край, Росія, 692275

Target country
Russian Federation
Comment on location
near vladivostok

Land area

Intended size (in ha)
50000
Size under contract (leased or purchased area, in ha)
[2004] 500
[2009] 10000
Size in operation (production, in ha)
[2007] 10000
[2010] 3500
[2015] 5500
[2016] 5000
Comment on land area
Hyundai Heavy plans to add another 12,000 hectares of land this year and expanding to total 50,000 hectares by 2012.

Intention of investment

Intention of investment
Food crops, Livestock

Nature of the deal

Nature of the deal
Outright Purchase
Comment on nature of the deal
the primary, Khorol Zerno, was established in 2004. There are no details on its land acquisition available. In 2009, Khorol Zerno was bought by Hyundai

Negotiation status

Negotiation status
Concluded (Contract signed)
[2009] Intended (Expression of interest)
[2010] Concluded (Contract signed)
[2018] Concluded (Contract signed)
Comment on negotiation status
new secondary investor in 2009 expressed intention to extend the area to 50000 ha by 2012 - no info regarding progress available. In 2018 another Korean Investor took over the operating company.

Implementation status

Implementation status
[2004] In operation (production)

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of employees (domestic)
[2004] 3
[2010] 25
[2015] 45

Operating company

Operating company
Comment on investment chain
former name: Khorol Zerno

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2011-01-01
Comment on data source
Land grabbing in post-Soviet Eurasia: the world’s largest agricultural land reserves at stake" by Oane Visser

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2009-05-01

Data source #3

Data source type
Company sources
File
Date
2010-04-16

Data source #4

Data source type
Media report
File

Data source #5

Data source type
Media report
File
Date
2009-04-29

Data source #6

Data source type
Media report
File
Date
2015-02-28

Data source #7

Data source type
Media report
File
Date
2009-04-16

Data source #8

Data source type
Media report
File
Date
2015-12-11

Data source #9

Data source type
Media report
File
Date
2018-03-20

Data source #10

Data source type
Media report
File
Date
2018-03-03

Data source #11

Data source type
Government sources
File
Comment on data source
About the operating company.

Promised benefits for local communities

Promised benefits for local communities
Capacity Building
Financial Support

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Bean, Corn (Maize)
Livestock area
Dairy Cattle

Use of produce

Has domestic use
Yes
Has export
Yes
Country 1
Republic of Korea

Overall comment

Overall comment

May 31, 2019, 1:21 p.m.

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Aug. 5, 2016, 3:18 p.m.

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Aug. 5, 2016, 3:16 p.m.

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Aug. 5, 2016, 2:32 p.m.

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May 3, 2016, 7:40 p.m.

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April 28, 2016, 7:23 p.m.

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Jan. 18, 2016, 8:30 p.m.

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Jan. 9, 2014, 2:31 p.m.

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Feb. 15, 2013, 5:01 p.m.

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