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South Korea Will Act As A Partner Country At The 9th International Industrial Exhibition "INNOPROM-2018"

 On September 6, 2017, Vladimir Putin met with President of Korea Mun Zhe In , who arrived in Russia on a business visit to attend the Eastern Economic Forum. The parties discussed the prospects for the development of bilateral relations, particularly in the trade and economic sphere.

Vladimir Putin greeted the Korean delegation in Vladivostok and thanked them for their participation in the Eastern Economic Forum. He noted a tangible leap in the sphere of economic relations with the Republic of Korea

Despite a slight decline last year, 16.6 percent, this year we have almost 50 percent growth in turnover for the first half of the year. But, of course, there is much more possible -

the President shared.

Mun Zhe Ying expressed his gratitude to the Russian leader for the invitation to participate in the Eastern Economic Forum and proposed cooperation in the development of the Far Eastern region of Russia.

Your policy for the development of the Far Eastern region and my policy, the so-called New Northern Policy, have many common ground. I believe that Korea is the best partner for Russia in the development of the Far Eastern region. If we work hard together, we will be able to achieve prosperity not only in the Far Eastern region, but also in our region as a whole ,

said Mun Zhe Ying.

Following the results of the Russian-Korean talks, a number of documents were signed, including:

  • Memorandum of Understanding between the Ministry of Industry and Trade of the Russian Federation and the Ministry of Industry, Trade and Energy of the Republic of Korea on the participation of the Republic of Korea in the status of the partner country in the 9th International Industrial Exhibition "INNOPROM-2018";
  • Memorandum of Understanding between the Roskongress Foundation and the Korean Trade and Investment Promotion Agency (KOTPA);
  • Memorandum on cooperation between the Autonomous Non-Profit Organization "Agency of the Far East on attracting investments and supporting export" and the Korean Agency for Trade and Investment Facilitation (KOTRA).

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