[THE INVESTOR] Vogo Fund-led consortium will build a 150-billion won (US$129 million) agricultural and livestock goods wholesale market in Yangju, Gyeonggi Province.

Vogo Fund is a South Korean private equity fund, and the consortium includes Dong-A Construction. 



Under the plans, approved on June 10, the consortium will invest 150 billion won in the northern Gyeonggi city to build a large wholesale market. The market will be equipped with retail stores, camping facilities and other convenience features.

The plans for the market had been floating without progress for more than 10 years.

Vogo Fund purchased the site for 15 billion won last year, and plans to raise the necessary funds from the local financial institutions. The PEF is also reported to be reviewing plans for bringing in livestock industry groups as investors and operators of the project.

By Choi He-suk (cheesuk@heraldcorp.com)