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"Invest in the Far East!"
What did the Far Eastern regions tell about themselves in Seoul
9 December in Seoul, the Russian-Korean economic forum "Invest in the Far East!" The forum was a platform for discussion of topical issues of economic and trade cooperation of the Republic of Korea with the regions of the Russian Far East. A representative Russian delegation, which included almost all the leaders of the regions of the Far Eastern Federal District, was headed by Deputy Prime Minister of Russia Yuri Trutnev. Minister for the Development of the Far East Alexander Galushka, who visited South Korea on a working visit just a week earlier, did not go this time.
TOP is appropriate
According to the chairman of the Korean International Trade Association (KITA), Han Doc Su, who led it at the opening of the forum, the trade turnover between Russia and South Korea increased from $ 200 million in 2002 to $ 22,5 billion in 2013. Thus, to date, the Republic of Korea is the third largest trading and economic partner of the Russian Federation in the Asia-Pacific region. Deputy Prime Minister and Plenipotentiary Yury Trutnev, who is also a co-chairman of the Russian-Korean Intergovernmental Commission, stressed that for nine months of the year 2014 the trade between Russia and Korea grew by 13%, Russian exports increased by 29%. He also drew attention to the fact that currently more than 600 South Korean companies are working in Russia and expressed confidence that cooperation between the two countries will develop faster. "Russia is interested in strengthening cooperation in shipbuilding, fuel and energy complex, construction of infrastructure, processing of timber, fisheries, mining of minerals, high technologies. We have a high potential in biotechnology, biochemistry, nuclear physics, genetic engineering, "he said.
Yury Trutnev also stated that the development of the Far East was declared a national priority. “Taking into account the best foreign practice, a number of legal shells were created to accelerate its development. One of the most effective is the territory of advanced development (TOR). Unpredicted tax preferences are granted to residents of the ToRP, administrative barriers are reduced. The first investment projects that will be implemented on the TOR, will be selected before the end of this year. The infrastructure will be built, the work of the Development Fund for the Far East will be activated, which will be capitalized. To this end, additional tax revenues arising from the implementation of new investment projects in the Far East will be used, ”he told Korean partners and expressed strong confidence that Russian-Korean cooperation will only expand in the coming years.
According to him, the leaders of the Industrial Bank of Korea have already proposed creating a joint platform for the development of similar projects in the Far East. The conversation is about the fact that the South Korean side will contribute $ 1 billion, and the Fund for the Development of the Far East will work out the technical issues of creating a joint platform.
Sakhalin - the number one
The head of the Sakhalin region, Alexander Khoroshavin, also made a report at the forum, noted that the region he heads is one of the flagships of Russian-Korean cooperation. "At the heart of mutually beneficial cooperation lie territorial proximity, direct cargo and passenger flights by air and sea, the presence in the Sakhalin region of the economically active Korean diaspora - about 30 thousand people, as well as the complementarity of our economies. A serious impetus for the development of bilateral relations was given by the presentation of the Sakhalin region to the Republic of Korea, which we held several years ago. As a result, in 2013, the volume of joint trade operations between the Sakhalin region and the Republic of Korea reached 6,5 billion, accounting for about a third of the total volume of Russia's foreign trade turnover with this state. According to our estimates, this year it will exceed 7 billion, "Alexander Khoroshavin said.
In the oil and gas industry, Korean business actively participates in the offshore projects of Sakhalin-1 and Sakhalin-2 as contractors and subcontractors. There are such well-known companies as Hyundai, Pall Korea, KOGAS, Samsung, Doosan and others. In June 2014 the launch of the world's largest marine platform Berkut took place at the Arkutun-Dagi deposit developed within the Sakhalin-1 project. Its upper buildings were erected at the shipyards Daewoo Shipbuilding. In the coal industry, Korean companies SI Resources and Samsung are involved in the development of Sakhalin's coal deposits. The latter also invests in the development of the infrastructure of the Uglegorsk port on the western coast of Sakhalin in order to increase the export supplies of solid fuel.
In the fish industry with the participation of the Russian-Korean joint venture "Industrial Cold" with 2011, in the island region a project is being implemented to create a complex for the storage and processing of products. In the field of transport, air and sea links between Sakhalin and the Republic of Korea are actively developing. The forum participants highlighted the productive collaboration of Aurora with Korean Air and Air Incheon. Also established cooperation with the company Asiana.
The opening of the joint venture SASKO International Shipping in Busan, founded by the Sakhalin Shipping Company from the Russian side, made it possible to organize container shipping along the routes: Busan - Korsakov and Busan - Nakhodka. This made it possible to increase the freight turnover between the Far Eastern regions of Russia and South Korea.
Joint projects are being implemented in the part of modernization of the transport infrastructure. For example, Kemto Construction was the first South Korean enterprise that, as a subcontractor, took part in the construction of a deep-water pier on the Kuril island Iturup. With the participation of Korean business in Yuzhno-Sakhalinsk, two residential complexes and one multifunctional office center were commissioned. And besides, the construction of a new residential block is underway.
"Now we are working with another Korean company LS Networks Co., Ltd., which has developed a feasibility study for the construction of a new air terminal in Yuzhno-Sakhalinsk. His presentation took place in October this year. The next stage is the carrying out of design works. Now we are negotiating with the banks and business of the Republic of Korea to attract investments in the construction of this facility, "said Alexander Khoroshavin.
Primorye puts on the "Sum"
The head of Primorye, Vladimir Miklushevsky, in his speech noted that the Korean side is interested in cooperation with the regions of the Far East. “For this, all the necessary conditions are created on the territory of Primorsky Krai. We are ready to work towards attracting investors from the Republic of Korea, including creating comfortable conditions for their business, ”the governor said.
For the Primorsky Territory, the Republic of Korea is also one of the four main partner countries for foreign trade. In 2013, the turnover of Primorsky Krai with the Republic of Korea increased by 2012% compared to 17 and amounted to $ 2,3 billion. Exports increased by 70%. The main export items were oil and oil products - 42%, fish products - 35%, scrap and scrap of ferrous metals - 12%. The Republic of Korea is also one of the main investor countries. In the economy of the region for 1 January 2014, about $ 111 million Korean investments were accumulated, $ 24 million of which was received in 2013 year.
The authorities of the Krai note the high interest of Korean capital in agriculture. In the territory of Primorye, 17 agribusinesses with South Korean capital are already operating. In addition, between the ports of Primorsky Krai and the Republic of Korea, cargo and passengers are transported by sea. There are five freight shipping lines connecting the ports of Vladivostok, Vostochny with Busan and Masan. There is a mixed shipping line Vladivostok (Russia) - Donghae (South Korea) - Sakaiminato (Japan), focused on transportation of general cargo and tourist service.
Khabarovsk - waiting for you out
In the Khabarovsk Territory, South Korea is consistently among the top three foreign trade partners. As Governor Vyacheslav Shport announced at the opening of the forum, in 2013 the volume of trade ties amounted to about $ 500 million, or 20% of the total foreign trade turnover of the region. But the volume of Korean investment in the economy of the province is still insignificant, the head of the region acknowledged. The authorities are taking measures to improve the business climate. "The most promising for Korean businessmen are, in our opinion, projects for creating TOPs. In the Khabarovsk Territory, three sites are being prepared in the main centers of economic growth, "said Vyacheslav Shport.
He also called on South Korean colleagues to return to the discussion of joint projects in the field of gas chemistry. "Two years ago, in conjunction with the Korean company KOGAS, pre-project studies were carried out to locate the methanol and dimethylether plant in the province. Representatives of the South Korean corporation came up with a proposal to build a dimethylether plant in the Khabarovsk Territory in 2010. However, there were problems with providing the plant with raw materials, the project was postponed. Now there are new prerequisites for a return to this project. In addition, there is a strong domestic demand in the sector of commercial real estate and housing construction, food industry and agriculture, "- said the governor.
There are still a few examples of the share of capital from the Republic of Korea in the regional economy. Thus, cooperation with the construction company Kereng Construction has been developing quite successfully. The company has built an elite residential complex RicheVille in Khabarovsk, completes the "Constellation", and leads the selection of new sites. In March, the president of the corporation "Kereng Construction" Lee Si Gu, who met with the leadership of the Ministry of Economics of the region pointed to a number of obstacles in the development of business in Russian territory. The businessman complained about the weakness of the infrastructure and bureaucratic obstacles: according to him, in the Republic of Korea, the principle of “one window” has been in effect for passing construction permits. In addition, there is no need to invest additional funds in the creation and development of infrastructure, the sites have all the necessary conditions to start construction.
One of the promising areas for cooperation with Korean investors may become Khabarovsk airport, in which 10% of the capital already belongs to a consortium of companies from this country, which includes Incheon International Airport Corporation and Daewoo Engineering Company modernization of the Khabarovsk airport). The costly project "Development of the airport business zone" (Air City) involves the creation of a hotel and business complex, a shopping and entertainment complex and an international exhibition center, and needs an outside investor. Earlier, the management of the airport did not exclude the possibility of increasing the share of the Korean consortium in the authorized capital, although negotiations were also conducted with Japanese companies.
By the way, South Korean Korean Air not so long ago announced its intention to open direct flights between Seoul and Khabarovsk. However, the intergovernmental agreement on air services, which establishes the rule of "one carrier", which can fly to one of the Russian cities, does not allow the introduction of flights. The message with Khabarovsk is already carried out by South Korean Asiana Airlines. Flights are also performed by the Aurora. Vyacheslav Shport, following the meeting with the president of the airline Chi Chang-hoon held in the fall, supported the intentions of Korean Air. Khabarovsk authorities intend to discuss with the Ministry of Transport of the Russian Federation the possibility of lifting restrictions related to the rule of "one carrier".
Yakutia, Kamchatka, Magadan: general interest
Korean investments are also expected in the Magadan Region, the Republic of Sakha (Yakutia) and in Kamchatka. The head of Yakutia, Yegor Borisov, recalled that the first ever agreement on economic cooperation with the Republic of Korea on behalf of the Russian Federation was signed in 1995 by the first president of Yakutia, Mikhail Nikolaev. Subsequently, this document played an important role in the development of Russian-Korean relations. Yegor Borisov informed potential investors that Yakutia is one of the top ten regions of the Russian Federation for ease of doing business, has a developed infrastructure for supporting small and medium-sized businesses, and is systematically engaged in anti-corruption activities and increasing the responsibility of officials. At the same time, he warned about the objective difficulties associated with the peculiarities of the territory and climate. The head of Yakutia offered South Korean partners to consider the possibility of participating in specific investment projects. Among them were mentioned an investment project in the village of Nizhny Bestyah on gas chemistry and gas processing, carbamide production; the project of the TOP on the creation of a high-tech complex for the production of basalt-plastic composites; the project of construction of the oncology center in Yakutsk. He expressed readiness to present to Korean businessmen and other options for possible cooperation - in the fields of shipbuilding, agriculture, construction, tourism. "Yakutia is open to investors from the Republic of Korea, I and my team are ready to discuss all your proposals," Yegor Borisov summed up.
Another branch of the Kamchatka economy where Korean investments can come in the coming years is tourism. In the region, they are actively working on the creation of a large resort area with hotel complexes and sanatoriums, as well as starting to implement a project to create an all-season ski resort. It is of increasing interest in connection with the upcoming Winter Olympics in Korea, because Kamchatka is one of the few places where winter sportsmen can train in summer. Among the proposals of Vladimir Ilyukhin sounded and the idea to establish direct flights: it will increase the tourist flow, and will bring a new level of medical tourism.
In conclusion, the Governor of the Kamchatka Krai also noted that the mining industry is a promising branch for the development of cooperation with Korean companies. Now Kamchatka is actively increasing the volumes of production of precious metals and hydrocarbons, the volume of investments in the development of deposits and the construction of concentrating plants is growing. If over the past year the volume of gold mining in the province increased by 20%, then three new projects for the construction of GOKs will allow increasing the volume in 4 times in two years (from 2,5 to 10 tons). For investors in this sector, tax and property privileges are provided in the province, together with the Ministry for the Development of the Russian Far East, the issue of creating a transport and engineering infrastructure for investment projects is being resolved.
"A special economic zone operates on our territory," the governor added. Under the new conditions that will be in force from 2015 for 2025 year, enterprises can obtain the status of a participant in the Special Economic Zone when they implement a project that provides for capital investments in the creation and development of infrastructure projects, development of production and activities to ensure social stability in the territory of the Magadan Region . Participants of the Special Economic Zone are exempt from paying taxes in the part coming to the federal budget. "As additional measures on the part of the region, privileges are envisaged to pay tax on property of organizations when acquiring property for a newly realized project as a participant in the Special Economic Zone. And also the land tax in respect of land plots acquired for the purpose of implementing the project as a participant in the Special Economic Zone, "said Vladimir Pechenyi.
There will be a
Alexey Chekunkov, Director General of the Far East Development Fund, notes that recently, a number of joint investment platforms have already been created to strengthen economic ties and reduce the risks of investing in Russia. This, in particular, the Development Bank of the BRICS countries with a volume of $ 10 billion; The China-Eurasia Cooperation Fund in the amount of $ 5 billion, formed by the Export-Import Bank of China and the Bank of China for the development of the new Silk Road project; The Russian-Chinese investment fund in the amount of $ 2 billion, the participants of which are the Chinese Investment Corporation and the RDIF. Such tools make it possible to speed up decision-making by large industry investors interested in implementing investment projects in Russia. As for the new Russian-Korean fund, its main sectoral priority will be the development of infrastructure, which will increase the mutual effectiveness of the economies of the two countries and increase the volume of mutual trade and investment. “A working group is being formed with the participation of representatives of the Development Fund for the Far East, as well as the leaders of the Russian-Korean Economic Council. We are also discussing the possibility of creating other investment platforms with large companies from other countries of the Asia-Pacific region, ”said Alexey Chekunkov.
Russian-South Korean partnership. Reference.
In 1988, the Korean Trade Development Organization (KOTRA) and the USSR Ministry of Commerce and Industry concluded a trade memorandum of cooperation in the trade industry. The following year, trade missions appeared - the Soviet one appeared in April 1989, in Seoul, the Korean one was opened in July of the same year in Moscow. At the same time, the beginning of political contacts should be considered the summit in San Francisco in June 1990 between the President of the USSR Mikhail Gorbachev and the President of the Republic of Korea Ro De U. Diplomatic relations were established in September of the same year. In December, 1990, the first official visit of the President of the Republic of Korea to our country took place, following which a Declaration on the general principles of relations was signed, as well as intergovernmental documents regulating trade and economic cooperation.
After the collapse of the USSR, relations had to be fixed with new documents. The Republic of Korea and the Russian Federation established diplomatic ties in 1991, when the Russian-Korean Intergovernmental Commission (IPC) was established. It was the legal successor of a similar Soviet-Korean commission established in accordance with the Intergovernmental Agreement of 22 January 1991. In its development 20 November 1992, the Regulations on the Russian-Korean IPC were signed. The official visit of Russian President Boris Yeltsin to Seoul in November 1992 confirmed the line for developing relations with the Republic of Korea. During the official visit to Moscow of President of the Republic of Korea Kim Yong Sam in June 1994, the Joint Russian-Korean Declaration and a number of intergovernmental agreements were signed.
During the state visit to the Russian Federation by President of the Republic of Korea Kim Tae Jung in May 1999, the Treaty between the Russian Federation and the Republic of Korea on mutual legal assistance in criminal matters, the intergovernmental Agreement on the establishment of the Russian-Korean industrial complex in the FEZ "Nakhodka" and the Agreement on cooperation in the peaceful use of atomic energy. Memorandum of Understanding between the Ministry of Economy of the Russian Federation and the Ministry of Industry and Resources of the Republic of Korea.
In February 2001, President of the Russian Federation Vladimir Putin, visited Seoul, in September 2004, the President of the Republic of Korea, No Mu Hyun, visited Moscow. In November 2010, Russian President Dmitry Medvedev made an official visit to the Republic of Korea. The Republic of Korea and the Russian Federation took part in the six-party talks on limiting the DPRK's nuclear program. 21 February 2011, the opening ceremony of the Korean-Russian Business Council (KRBC) was held at the Silla Hotel (Seoul). 13 November 2013 year in Seoul, the Russian-South Korean summit took place, during which an agreement was adopted on the introduction of a visa-free regime between the countries from 1 January 2014.