Korean tuna fishing firm Dongwon Industries has signed a $35 million deal with Papua New Guinea to build a new factory on the island. The new tuna plant will be built in the Morobe province in early 2016, and should furnish roughly 2,000 direct jobs and 4,000 indirect jobs. This will be the sixth tuna processing project to be built in the city of Lae.
The project will begin in the first quarter of 2016, making Dongwon the first Korean company to invest in a shore based tuna project in Papua New Guinea. It is the policy of the PNG governments to support offloading of tuna in ports for processing into packaging for export. Starting next year, all fishing in the waters of PNG will be landed and processed in PNG.
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