• KITA held ‘Korea-Russia Business Dialogue’
    2018-09-17 hit 810

    KITA held ‘Korea-Russia Business Dialogue’

    - Shared ‘9-bridge’ cooperation cases, reviewed investment environment in the Far East and sought industrial cooperation -


    The Korea International Trade Association (Chairman, Kim Young-joo) held the 'Korea-Russia Business Dialogue' in Vladivostok, Russia on September 11 (local time) in line with the 4th Eastern Economic Forum.


    This event, which was held under the theme of ‘9-Bridge, Establishment of Korea-Russia Cooperation Platform,’ was attended by 200 people, including the Prime Minister Lee Nak-yeon and the government officials and business people from the two countries. They sought the contacts between the New Northern Policy and New East Asia Policy and shared the examples of 9-bridge cooperation.


    Chairman Kim Young-joo of the Korea International Trade Association said in his opening remarks, "The Far East is an attractive investment destination in the Asia-Pacific region, and the starting point of Korea’s Northern Expansion.” He stressed, “As the '9-bridge' cooperation cases, including gas, railway, port, electric power, Arctic route, shipbuilding, jobs, agriculture and fisheries, become more concrete, the two countries will become the best partners for the Far East development."


    In the following keynote speech, the Prime Minister Lee Nak-yeon said, “Korea and Russia have greatly expanded exchanges in economy and culture. In order to strengthen future-oriented relations, close cooperation in the four fields, including the expansion of Korean companies’ investment in the Far East, cooperation in manufacturing industries such as shipbuilding and automobiles and future innovation industry and South Korea, North Korea and Russia three-way cooperation are required.”

    Olga Nikolaevna, Deputy Chairman of the State Duma, said, “In order to improve the development and investment environment in the Far East and Arctic regions the council has formed a committee of experts and is exerting various efforts to support legislation.”


    Lee Jae-Young, President of the Korea Institute for International Economic Policy (KIEP), made a speech on the topic of ‘Ways to seek strategic contact points between New Northern Policy and New East Asia Policy and Business Cooperation Measures’ and said, “Along with the industrial diversification and export manufacturing industry cooperation promoted by Russia, digital economy and regional development cooperation are important.” President Ku Hyun-mo of KT introduced security, health care and smart farm services using 5G mobile communications and President Ka Sam-hyun of Hyundai Heavy Industry made a presentation on the case of drying and technical cooperation of three oil carriers with Zvezda shipyard.

    In the area of regional cooperation, the Mayor Song Cheol-ho of Ulsan city suggested the creation of value-added and jobs through the establishment of the Arctic route, offshore wind, shipbuilding and oil hub, and the Mayor Lee Kang-duk of Pohang city proposed the opening of the regular cruise and ferry service routes to create a tourist belt in the East Sea.


    From the Korean government and parliament, Woo Yoon-keun, Ambassador of the Republic of Korea to the Russian Federation, congress people such as Song Young-gil, Oh Jae-se, Jung Jae-ho, Park Jung, Lee Hye-hoon, and Kim Han-pyo, Deputy Ministers of the Ministry Of Foreign Affairs, the Ministry of Land, Infrastructure and Transport and the Ministry of Science and Technology and standing members of the Korea Trade Commission took part in the forum. In addition, 104 people from 40 Korean companies, including Hyundai Motor, Hyundai Heavy Industries, Hanwha, Lotte, SKE&S, LS Networks, Korea Gas Corporation, Korea Electric Power Corporation, Korea Railroad Corporation participated.


    From Russia, Olga Golodets, Deputy Prime Minister of Russia, Olga Nikolaevna, Deputy Chairman of the State Duma, Leonid Petukhov, CEO of the Russian Far East Investment and Export Agency, Andrey Tarasenko, Governor of the Primorye Territory, Vitaly Veremeenko, Mayor of Vladivostok, Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation, Alexander Misharin, vice-president of Russian Railways and Sergey Kelbakh , Chairman of Russian Highways, participated in the forum.


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