|
KITA Held
“2021 Korea-Russia Economic Outlook Seminar”
- Checked economic outlook of the two
countries for next year and the business environment in Russia...
KITA, “We are expanding cooperation
areas, including digital economy, bio, and technology, etc.” -
The Korea International Trade Association (Chairman:
Kim Young-ju) and the All Russia Public Organization Business Russia co-hosted
“2021 Korea-Russia Economic Outlook Seminar” online on December 10th.
To mark the 30th anniversary of diplomatic
ties between Korea and Russia, the participants discussed achievements they
have seen so far, the cooperative measures for the future, Korea-Russia
economic prospect for next year and the business environment in Russia as well
as the cases of business expansion into the Russian market in the seminar.
Vice Chairman Nonna Kagramanyan of the Business Russia
stated in her opening speech, “Cooperation between the two countries has become
more important than ever as uncertainty is growing in the global economic and
trade environment with the economic recession all over the world.” She added,
“We will continue to support exchanges between companies in collaboration with
the Korea International Trade Association and keep seeking new cooperative
projects in the future.”
A Researcher Kim Kyung-hoon at the Institute for
International Trade of the Korea International Trade Association delivered a
presentation on “Korea's Trade and Economic Outlook for 2021” and said, “Next
year, Korea's exports are expected to increase by 6.0 percent year-on-year due
to a global economic recovery and a gradual rise in oil prices,” and added, “As
the transition to the digital economy accelerates, the exports of semiconductors
and rechargeable batteries are showing strong growth, while the exports related
to biohealth such as biosimilars and vaccines are expected to grow due to the
impact of COVID-19.”
Mr. Oleg Pirozhenko, head of the Economic Department
of the Trade Representation of theRussianFederation in the Republic of Korea,
stated, “Russia's economic growth forecast for next year is expected to recover
slightly to 3.3 percercent,” and added, “Along with the economic recovery,
private consumption and corporate investment in Russia are also expected to
expand and it will be an opportunity for Korean companies.”
Mr. Alexander Maslennikov from RPC ONE, a Russian
private investor, delivered a speech on the structure of investment activities
in Russia and said, “The business structure of shipping products and sending
and receiving payments is gradually losing competitiveness in the form of trade
in the past,” and added, “Korean companies need to move into special economic
zones in Russia and expand their businesses to the Russian market with the
goods that combine products and services.”
Cho Hak-hee, head of the head of International Affairs
Group at the Korea International Trade Association, “Amid the rapid changes in
the industrial landscape due to the COVID-19 pandemic, the fields of economic
cooperation between the two countries are also expanding from traditional
manufacturing cooperation to digital and technological cooperation,” and added,
“The Korea International Trade Association will also actively promote various
projects to expand the member companies' entry into Russia, including support
for one-on-one meetups with Russian companies.”
|
