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| German-Korean Indusry Agreement | |
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| Tweet Topic Started: Jun 9 2008, 08:34 AM (114 Views) | |
| South Korea | Jun 9 2008, 08:34 AM Post #1 |
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Advanced Member
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The Republic of Korea has signed an agreement with the Federal Republic of Germany for German investments in Korea. Henschel builds a Tank Factory for $50.000.000 in Ulsan Mercedes and Auto Union invest $100.000.000 for 35% share of Kia. BMW and Opel do the same with Hyundai. Stülcken and Deutsche Werke invest $100.000.000 in Jinhae shipyard. Magirus-Deutz builds a new Truck factory at Ulsan for $50.000.000 Heinkel and Focke-Wulf will builds a new aircraft factory at Ulsan for $75.000.000 BASF and Hoechst builds a chemical factory at Ulsan for $50.000.000, AEG, Siemens and Hochtief can build a hydropower plant and dam at Soyang. The construction would last 6 years and would cost $6.000.000.000 of which $2 billion is invested by the mentioned firms in exchange for 35% of the shares of this project the rest will be covered by the Korean government . Krupp invest $25.000.000 building a steel works in Ulsan |
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| West Germany | Jun 9 2008, 04:52 PM Post #2 |
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Einigkeit und Recht und Freiheit
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Signed/ Adenauer |
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8:28 AM Jul 11