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Russia, S Korea sign partnership program for modernisation, innovative development

“These are rather good designated spheres of interaction,” Manylov said

SEOUL, April 3 (Itar-Tass) —— Representatives of the Russian Economic Development Ministry and the South Korean Ministry of Knowledge Economy met in Seoul on Tuesday to sign a Joint Partnership Program for the Modernisation and Innovative Development.

Russian Deputy Economic Development Minister Igor Manylov and South Korean Deputy Minister of Foreign Affairs and Trade Moon Chae-do put their signatures to the document.

“The document embraces a wide range of issues. It is mainly aimed at the development of investment cooperation between our countries. I am a representative of the ministry, which is in charge of the innovative and advanced development of our economy,” Manylov told Itar-Tass.

“We mainly hope that the document signed on Tuesday will give a fresh impetus to further development, which envisages not only an exchange of goods, but also a technological development of both economies,” he said.

In his opinion, South Koreans accumulated rich experience in this sphere, while Russia’s efforts were aimed to the achievement of the same purpose over the past three to five years.

“We consider the South Korean economy as a model for us. Although this is a formal document, it is important that its signing will be followed by the detailed working out of the economic development aspects from the viewpoint of innovations,” Manylov said.

In his words, the agreement envisages a set of energy projects with the use of untraditional energy resources, production spheres that engage results of intellectual activities, and transport projects. “These are rather good designated spheres of interaction,” Manylov said, adding, “Each of them has a specific basis.”

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