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Vyacheslav Kushnarev: Korean companies are attracted to the Far East

In Khabarovsk, the Investment and Development Agency of the Region and the Korea International Trade Association (KITA) signed a memorandum of cooperation within the framework of the Russian-Korean business forum.

According to Vyacheslav Kushnarev, Director of the Khabarovsk Region Investment and Development Agency, “this memorandum will expand contacts and build mutually beneficial business relations with KITA partner organizations, such as the Federation of Industrialists of the Republic of Korea.”

“In accordance with the areas of cooperation between the Investment and Development Agency of the Khabarovsk Territory and the International Trade Association of Korea (KITA, Republic of Korea), indicated in the signed memorandum of understanding, we reached agreements on the exchange of information and joint activities in the development of export strategies, joint holding of congress and exhibition events with the participation of enterprises-exporters of the Khabarovsk Territory ", - shared V. Kushnarev.

According to him, "this direction seems to us promising in connection with a practical agreement on attracting Korean companies to investment sites and TOSERs located in the Khabarovsk Territory." He also noted that the parties intend to create a working group to develop a joint action plan, which will allow the operative exchange of information on prospective and current work plans.

KITA President Khan Doc Soo, in turn, said that "Korean companies are the best partner for Russia."

“70 Korean companies are already active. We intend to develop models of cooperation, search for new partners, sources of financing, ”he said. KITA President believes that small and medium-sized businesses should be attracted to actively attract investment in the Torah in the Far East, whose share in the Korean market is 99%. The law on the development of TOR will entail the massive involvement of Korean companies. “Assistance in establishing relations with the governors and government structures is also important,” he stressed.

The autonomous non-profit organization "Agency for Investment and Development of the Khabarovsk Territory" created December 11 2013 of the year to work to improve the investment climate in the region.

Korea International Trade Association (KITA) brings together 70 thousand companies. Trade with South Korea in the first half of 2014 amounted to $ 13 billion, which is 9% more than the same period last year. In 2013, the trade turnover between Russia and Korea amounted to $ 25 billion. 

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