December 21, 2017 / 6:37 AM / a year ago

BRIEF-Ajinomoto plans JV in S.Korea with NongShim

Dec 21 (Reuters) - Ajinomoto Co Inc :

* 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

* 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

Source text in Japanese: goo.gl/y9H5uA

Further company coverage: (Beijing Headline News)

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