Updated: Feb 4, 2020
ARIRANG NEWS게시일: 2018. 6. 22.
한-러 비즈니스포럼 모스크바서 열려
On his trip to Russia, President Moon was accompanied by key members of South Korean firms including Samsung, Hyundai and LG. Today, at a forum in Moscow, that delegate along with more than a hundred Russian business leaders plus local government officials... discussed ways to boost economic ties. Kim Hyesung has the highlights from that session.
Under the theme "An Era of Peace on the Korean Peninusla, road to co-prosperity in Eurasia," government officials and business leaders from South Korea and Russia gathered in Moscow to discuss ways to expand bilateral economic cooperation, including manufacturing, rail transport and energy.
"Korea is facing a historic turning point now. With the inter-Korean summit, and the North Korea-U.S. summit last week, we have laid the foundation for complete denuclearization and permanent peace on the Korean Peninsula. Once peace is established on the Korean Peninsula, we will see the opening of a new chapter in South Korea-Russia economic cooperation." On top of strengthening the South Korea-Russia bilateral economic relationship, President Moon also emphasized the need to prepare for three-way economic cooperation with North Korea, adding that railway links are one way to accomplish that goal.
Since establishing diplomatic ties in 1990, Seoul and Moscow have expanded bilateral trade, which reached 19 billion U.S. dollars in 2017, up 40 percent on year. In particular, people-to-people exchanges hit a record high of 510-thousand last year. Experts believe Korean businesses can benefit from Russia's energy and its original technology, while Korea can in turn help build Russia's infrastructure and logistics through its applied technology. "South Korea's New Northern Policy and Russia's New Eastern Policy will help deliver actual results. Russia's original technology and South Korea's manufacturing know-how are expected to create huge synergy." Already, the two countries have begun cooperation in natural gas, shipbuilding and health and medicine. "South Korea and Russia boast a complementary economic structure, meaning there's more room for growth in trade. Both will be able to find a new growth engine. What's key now is to work on the specific details, like how to provide financing and address Russia's administrative regulations and laws so business projects can have consistency." President Moon called the opportunities for Seoul and Moscow "unlimited," and he laid out his goal of reaching bilateral trade of 30 billion dollars by 2020 through enhanced cooperation. Kim Hyesung, Arirang News.