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Presentation of investment opportunities of the Russian Far East to the business of the Republic of Korea was held in Minvostokrazvitie

13 in May in Moscow, a presentation of the investment opportunities of the Russian Far East for business circles of the Republic of Korea.

The head of the Ministry of Eastern Development Alexander Galushka and his deputy, Maxim Shereykin, told South Korean businessmen about the new investment policy regarding the Far East and the possibilities for directly involving Korean business in development projects in the Far Eastern Federal District.

During the meeting, the Minister for the Development of the Far East, Alexander Galushka, noted that trade and economic relations between Russia and the Republic of Korea demonstrate positive indicators, but the potential of bilateral relations is much more than actual values.

On the Korean side, the event was attended by representatives of the diplomatic corps of the Republic of Korea, heads and representatives of the largest South Korean corporations and banking structures operating in Russia. Among them are Lotte Rus, LG International Corporation, Hyundai Corporation, Hyundai Heavy Industries, Samsung C&T, Daewoo International Corporation, POSCO Rus, LS Networks, etc.

"We attach great importance to the implementation of trilateral projects on the Korean Peninsula, but at the same time we attach no less importance to the direct involvement of Korean business in development projects in the Far East, to a radical improvement in investment conditions, especially for foreign direct investors," said A. Galushka.

According to Maxim Shereykin, the Ministry of Eastern Development has focused on several priority sectors of the Asia-Pacific region to work with potential investors. He expressed confidence that, by creating favorable conditions for investors, the Far East will be able to engage in competition and win in the struggle to attract investors.

During the presentation, he spoke about the development of a draft law on territories of priority development and selection of sites for their placement, and also answered questions from the meeting participants.

As the Ambassador of the Republic of Korea to the Russian Federation Vi Son Lak noted, Korean business shows great interest in the development of the Far East, and the presentation of the Ministry of Eastern and Eastern Development is a good opportunity to strengthen cooperation between the two countries. He also expressed confidence that such companies would become a platform for frank negotiations on issues faced by Korean companies in Russia.

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