Ajinomoto Co., Japan’s largest seasoning maker, said Tuesday that it will set up a sales subsidiary in South Korea in March.
Ajinomoto Korea Inc. will be capitalized at 1 billion won, or about 100 million yen, with 70 percent put up by Ajinomoto and 30 percent by Vixxol Corp., a local seasoning company.
With demand for Japanese seasonings growing in South Korea, Ajinomoto Korea is expected to chalk up sales of 2 billion yen within a few years.
Ajinomoto currently exports products to South Korea for sale through agents.
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