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Putin welcomes South Korean interest in developing business ties with Russia

September 06, 13:36 UTC+3 VLADIVOSTOK

Vladimir Putin says South Korea is one of Russia’s key partners in the Asia-Pacific region

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South Korean leader Moon Jae-in and Russian President Vladimir Putin

South Korean leader Moon Jae-in and Russian President Vladimir Putin

© Sergei Bobylev/TASS Host Photo Agency

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.

"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.

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