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South Korea will invest 166 billion dollars in the development of promising sectors of the economy

Five government departments submitted an investment project to the President of South Korea, Park Geun-hye, according to which 166 billion dollars is proposed to be invested in the development of promising sectors of the economy.

According to the project, the priority objectives for the country's economy are biotechnologies and bioenergy projects, the development of the solar cell industry and other energy sources, as well as the development of fifth-generation mobile networks, sensor technologies and software. Seoul plans to implement government support and incentives for companies that carry out their work in these industries.

At the same time, there are plans to create 17 innovation centers, leading active inter-sectoral interaction. They should be focused on the largest enterprises in South Korea, such as LG, Hyundai Motor, GS, Lotte, Hanwha, KT, Hanjin, Naver.

As previously reported in EastRussia, Russian-Korean relations in the field of innovation cooperation in 2015 will receive a powerful impetus.

Within the framework of the Russian-Korean forum "Invest in the Far East!", Held in Seoul, the Khabarovsk Krai Investment and Development Agency and the Korea International Trade Association (KITA) signed a plan of joint events for 2015.

In accordance with this plan, a number of joint activities will be carried out in 2015, including the organization of business missions with the participation of investors from the Republic of Korea, says Vyacheslav Kushnarev, director of the Agency for Investment and Development of the Khabarovsk Territory.

At the same time, the Agency for Investment and Development of the Khabarovsk Territory signed a cooperation agreement with the law firm BKL (BAE, KIM & LEE LLC).

According to the managing partner of BKL, Mr. Yonghyeon Kang, within the framework of the signed agreement, the parties also agreed to hold presentations of investment projects of the Khabarovsk Territory, including the sites of the advanced development territory for representatives of BKL.

Such an intention is a very promising outcome of the talks. BKL is the second largest in the Republic of Korea, its partners are the order of 700 of the largest South Korean companies, among which are such giants as LOTTE, SAMSUNG, DAEWOO, etc.

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