Greenland to import S. Korean seafood

Greenland Group, China's largest real estate company, is planning to launch a range of seafood products from the South Korean island province of Jeju through its huge network of retail outlets, which include boutique supermarkets, online shops and hotels.

The Shanghai-based State-owned firm signed a deal on Monday to initially import around 15 million yuan ($2.42 million) of products a year, with Jeju Governor Won Hee-ryong.

A statement from the company said that figure is expected to rise to 250 million yuan a year as other products from Jeju are added, such as cosmetics, health foods and fresh agricultural goods.