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Russia, South Korea to sign memorandum of understanding at Eastern Economic Forum

MOSCOW, August 25. /TASS/. Russian Ministry of Industry and Trade and Ministry of Trade, Industry and Energy of the Republic of Korea intend to sign a memorandum of understanding to support further opportunities for cooperation development on the sidelines of the Eastern Economic Forum, the Russian ministry said on Thursday after the intergovernmental commission meeting.

"Parameters of joint activities were discussed for development of industrial cooperation within the framework of projects called to provide added value and having export potential for promotion on third party markets," the Russian ministry said.

Cooperation in automobile sector, civil aircraft and helicopter production was also discussed, the ministry reported.