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DPM Hong visits Russia to seek measures for economic cooperation

According to Yonhap News,

(SEJONG=Yonhap News) Deputy Prime Minister Hong Nam-ki visits Russia this week to discuss economic cooperation measures to accomplish trade volume of USD 30 billion in the 30th anniversary of diplomatic relations next year.

On September 22, the Ministry of Economy and Finance (MOEF) announced that Korea and Russia is to hold the 18th Korea-Russia Science Technology Committee in Moscow, Russia on September 24.

Deputy prime minister Hong is to lead the Korean delegation consisted of 15 government ministries and agencies including the Presidential Committee on Northern Economic Cooperation, the Ministry of Science and ICT, the Ministry of Foreign Affairs, Ministry of Unification, Ministry of Trade, Industry, and Energy, Ministry of Land, Infrastructure, and Transport, Ministry of Oceans and Fisheries, Ministry of SMEs and Startups, the Export-Import Bank of Korea, and KOTRA.

Deputy Prime Minister of Russia Yury Trutnev is to lead the Russian delegation consisted of 14 ministries and states governments including Ministry of Economic Development, Ministry of Industry and Commerce, Ministry of Transportation, Ministry of Energy, Ministry of Natural Resources, Ministry of Agriculture, the Government of Moscow, and the Government of Sakhalin Oblast.

The Korea-Russia Science Technology Committee was launched in 1997 as a high-level bilateral committee, serving as a channel to discuss comprehensive bilateral cooperation in a wide range of areas encompassing trade and investment, energy and resource, industry, science and technology, SMEs, transportation, health and medicare, among others.

During this trip, Deputy prime minister Hong plans to meet Chairman Alexey Miller of Gazprom, Director General Pavel Livinsky of PJSC ROSSETI, and CEO Kirill Dmitriev of the Russian Direct Investment Fund (RDIF) to discuss three-way cooperation between South Korea, North Korea and Russia.

He will also discuss measures to increase bilateral cooperation and investment during a visit to Skolkovo Innovation Center in Moscow, a startup center for materials, parts, and equipment, ICT, and the fourth industries.

On September 25, deputy minister Hong is to have a roundtable with Koreans doing business in Russia to hear about their difficulties and explore measures to resolve them.

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Source Text

Source: Yonhap News (September 22, 2019)

** This article was translated from Korean.

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