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Shport: the volume of Korean investment in the economy of the Khabarovsk Territory is still insignificant

As reported by the press service of the Government of the Khabarovsk Territory, Governor Vyacheslav Shport, taking part in the Russian-Korean Economic Forum "Invest in the Far East!" said that the Republic of Korea is consistently among the top three foreign trade partners of the Khabarovsk Territory. In 2013, the region's foreign trade with South Korea amounted to about $ 500 million. This is 20 percent of the total turnover of the region with foreign countries. At the same time, the volume of Korean investments in the regional economy is still insignificant.

The head of the region said that over the past two years a set of measures to improve the business climate, simplify administrative and customs procedures. As a result, private investments in the economy of the Khabarovsk Territory are already growing.

"The most promising for the Korean businessmen are, in our opinion, projects for creating territories for outrunning socio-economic development. In the Khabarovsk Territory 3 sites are being prepared. They are in the main centers of economic growth, "- said the Governor.

Vyacheslav Shport also stressed that projects in the field of gas chemistry could become promising for investment.

"Two years ago, in conjunction with the Korean company Kogaz, pre-project research was conducted to locate a methanol and dimethylether production plant in the province. Now there are new prerequisites for a return to this project. In addition, there is a stable domestic demand in the province in the sector of commercial real estate and housing construction, food industry and agriculture, "the governor said.

Vyacheslav Shport said that the regional authorities are determined to work constructively to support investment projects, to resolve complex issues related to infrastructure, services, housing, and the attraction of labor resources.

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