VLADIVOSTOK, September 6. /TASS/. The business community of South Korea is interested in intensifying cooperation with Russia, Russian President Vladimir Putin said after talks with South Korean leader Moon Jae-in.
- South Korean president wants to establish friendly relations with Putin
- South Korea, Far East Development Fund to invest up to $2 bln in projects in Russia
- Russia, South Korea to continue expert consultations on free trade zone creation with EAEU
- South Korea, Russia to develop projects involving North Korea
"The Korean business sector retains interest in developing cooperation with Russia which has been confirmed by the arrival to the Eastern Economic Forum of a rather representative delegation - almost 100 businessmen from 50 companies," Putin said. "We expect the Korean business community to be as interested in the work of the Innoprom-2018 international industrial exhibition in Yekaterinburg where South Korea will act as a partner country."
Putin emphasized that the Republic of Korea is one of Russia’s key partners in the Asia-Pacific region.
According to Putin, the bilateral trade grew by 50% to reach $10 bln in the first half of 2017. He said more than 600 South Korean companies are working in Russia, while South Korean investments in the Russian economy exceed $2bln.