North Korea test fires another missileWorld May 29, 1:29
Russia’s Zvyagintsev wins Jury Prize at 70th Cannes Film Festival with his LovelessSociety & Culture May 28, 21:32
Three Russian tourists hurt is road accident with tourist minibus in TurkeySociety & Culture May 28, 18:58
Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
VLADIVOSTOK, November 15 (Itar-Tass) — A business forum of Russia’s Far East and South Korea with participation of scientists, diplomats, economists and business executives was held on Tuesday in Vladivostok.
They discussed cooperation in the sphere of transport, logistics, electric power industry, agricultural production and fishery. Participants in the session marked that Russian-South Korean relations have expanding cooperation potentials. South Korea is traditionally one of the leading foreign trade partners of the Far East along with China and Japan.
However, investment cooperation is so far meagre. The share of South Korea in the total amount of foreign investments in the Russian Far East is about one percent.
“Primorye looks fairly well in this respect,” among other regions, the chairman of the regional legislative assembly, Viktor Gorchakov, said. According to him, several projects with participation of South Korean investments have been simultaneously implemented in the region over the past few years.
These are shipbuilding projects in Bolshoi Kamen, a plant producing electrical equipment in Artyom and the production of diode lamps in Vladivostok.
“The Korean side considers the construction of a gas-liquefying plant for further transportation of gas to countries of the Asia-Pacific region, as well as the project to connect the Trans-Siberian Railway with the Trans-Korean Railway,” Gorchakov said at the forum.
South Korean Consul General in Vladivostok Lee Yang Goo said the main thing “is to establish trust, without which productive cooperation is impossible”. South Korean business people are ready to sizably increase investments in the Far East, but so far the process is stalled because of underdeveloped infrastructure of the region.