More Than 180 Companies Join Russian-Korean Business and Investment Council

More than 180 companies from 23 Russian regions will join the Russian-Korean Business and Investment Council. Among them are the Russian Railways, First Freight Company, SUEK, Avtodor, Alrosa, Rosseti, and Rusnano. Russian members of the council met on September 13 in Moscow.

“We hope that the interest shown by the companies will lead to an increase in the pool of concrete Russian-Korean projects,” said Artem Avetisyan, chairman of the council.

The Korean part of the council was formed in 2017. It includes more than 120 companies representing both SMEs and large businesses, including LOTTE, POSCO, Hyundai, Samsung, SK, KT, and Woori Bank.

Lee Sok-pae, the Ambassador of South Korea to Russia, underscored that the cooperation between entrepreneurs of the two countries is now especially important due to the implementation of Nine Bridges, a concept proposed by President Moon Jae-in at the Eastern Economic Forum in 2017.
The concept provides for collaboration in such areas as railways, seaports, energy, natural gas, Arctic navigation, shipbuilding, agriculture, fishery, industrial construction, ecology, education, and healthcare.

“This October, a free trade agreement will be signed at the investment forum in Seoul. The signing of this agreement will give a new impetus to the expansion of cooperation between our countries. I hope that Russian entrepreneurs will be able to take an active part in the forum, ”said Lee Sok-pae.

Vyacheslav Kormilitsin, technical director of Zagorsk Optical and Mechanical Plant, shared his experience of working with specialists from Korean companies.

“Together with the Eye Disease Research Institute, we launched a project to create a new device for the early diagnosis of glaucoma. Our goal was to create a sensor that measures the volume of ocular blood flow and the volume of the eye in a very short time. We were looking for partners to develop components for this sensor and met with specialists from South Korea. They helped us create this sensor in an unrealistically short time — in just two weeks, which is simply impossible in Russia. In my opinion, Korean specialists are very well qualified, and we will definitely continue cooperation with them,” said Kormilitsin.


13 september 2019