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South Korean Gyeonggi Province intends to sign a cooperation agreement with the Sverdlovsk Region

Sverdlovsk region and the South Korean province of Gyeonggi next year intend to sign a cooperation agreement. This was discussed at a meeting of the Minister of International and Foreign Economic Relations Andrei Sobolev with the head of the international relations department of the Gyeonggi government, Ms. Park Ui Jeong.

According to the information policy department of the governor of the Sverdlovsk region, the signing of the document will be a logical continuation of the work of regional governments to create favorable conditions for the development of mutually beneficial cooperation. "Over the past two years, Sverdlovsk enterprises have traveled with business missions to Gyeonggi twice. The Sverdlovsk region was also visited by representatives of the business and scientific community of South Korea. This indicates a high interest in cooperation. The agreement will allow us to provide companies with a legal basis for further interaction," minister.

The last contacts at the governmental level were carried out two years ago: during the visit of the Korean delegation to the Middle Urals, Governor Yevgeny Kuyvashev and the head of the Gyeonggi-do signed a protocol of intent to develop inter-regional cooperation, as well as a framework agreement on partnership in the field of education and machine tool construction.

This time the minister confirmed the interest of the Sverdlovsk region in cooperation with South Korea in these areas and outlined other priority areas. This, in particular, electronics, metalworking, power and transport engineering, production of medical products. "In the context of the sanctions, the food sector is becoming topical areas of cooperation: from direct supplies of certain groups of goods to the organization of deep processing of products," he added.

According to Ms Park, the new Governor of Gyeonggi, who has recently become the head of the provincial government, emphasizes the importance of cooperation with the Russian Federation and its regions. “We are very pleased with this, in our plans - to continue the initiated and offer the Sverdlovsk region new cooperation projects. We would also like to establish twinning relations with your region,” she said.

Andrei Sobolev shared plans of the regional government to organize a visit of a large business delegation to South Korea in 2015. Ms. Park supported this idea, the parties agreed to establish an exchange of information on the interests of South Korean and Sverdlovsk producers for the qualitative preparation of business negotiations. The Ural commercial and industrial board will traditionally join this work.

Regular exchange of business missions, according to the parties, will allow to activate the partnership, as well as continue working on the cooperation infrastructure. For example, consider the possibility of organizing direct flights. By the way, the 2014-2015 years have been declared the Years of reciprocal visits to Russia and South Korea, in connection with which the visa regime has been canceled for a period of stay up to 60 days.

Gyeonggi Province is the most populous province in South Korea. Its population is 11,9 million. The administrative center is the city of Suwon. Seoul, the largest city in the country and its capital, is located in the center of the province, but is not included in it.

Gyeonggi-do develops as the economic center of Northeast Asia. The province houses more than 60 universities and 2800 private research institutes. The world's leading enterprises such as Samsung Electronics, LG Electronics, Hyundai Kia Motors and LG Display are located on its territory.

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