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In South Korea the forum "Busan - the Far East of Russia"

On October 24, 2014 in the South Korean city of Busan the 4th economic forum "Busan - Russian Far East" was held. The event was organized by the Center for Korean-Russian Cooperation under the Fund for Assistance to International Activities of Busan; political and public figures, diplomats, businessmen, scientists, lawyers, journalists, students and representatives of the expert community of the two countries took part in the forum.

The main topic of the current meeting was "New opportunities for business development, as well as changes in the field of economic cooperation between Busan and the Russian Far East against the backdrop of the entry into force of the visa-free regime agreement between Russia and the Republic of Korea in early 2014".

In his welcoming speech, the Consul General of the Russian Federation in Busan, Alexander Vostrikov, noted the recent real mechanisms to stimulate bilateral economic cooperation, including agreements between Vnesheconombank and the Korean Eximbank, the Russian Direct Investment Fund and the Korean Investment Corporation. ...

Chairman of the Board of the Fund for International Cooperation of Busan Chung Gen Jin in his speech drew attention to the special role of Busan and the Far Eastern region of Russia, which became some kind of locomotives of Russian-South Korean economic cooperation.

Yekaterina Kotova, Minister of Investments and External Relations of the Sakhalin Region, said that South Korea is a priority economic partner for their region. At the end of 2013, the volume of foreign trade relations between the Sakhalin Region and the Republic of Kazakhstan amounted to $ 6,5 billion, while with all other countries - $ 11,7 billion. "We are interested in further development of cooperation with the Republic of Korea, and we have all the conditions for this," the minister stressed.

Representatives of Vladivostok focused on numerous investment projects in the region. Elena Novgorodova, director of the Vladivostok Center for Entrepreneurship Development, named tourism, automotive industry, infrastructure development, high technology and others as the most promising areas for bilateral cooperation.

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