TASS: Enterprise & Financial system – Russian-South Korean commerce turnover up 29% in 2018 — envoy

SEOUL, February 12. /TASS/. Commerce turnover between Russia and the Republic of Korea soared by 29% in 2018 to $24.eight bln, Presidential Envoy to the Far Japanese Federal District Yuri Trutnev stated at a roundtable as a part of the Korean Investor Day in Seoul on Tuesday.

“Far Japanese areas account for one third of that quantity,” he stated, including that South Korea is one in every of Russia’s fundamental companions within the Asian-Pacific Area.

Trutnev believes that the 2 international locations “have all the things to increase cooperation sooner or later.” In the meantime, he famous that “heads of corporations, buyers are entrusted” to do most work, which “depends upon their artistic actions, confidence, and talent to work.”

Presidential Envoy additionally spoke in regards to the potential of Russia’s Far East and enticing circumstances that the federal government has created for buyers. He urged South Korean businessmen to enter the area extra actively, contemplating {that a} shut proximity to the Korean peninsula is one in every of its benefits.

“We’ll assist every undertaking and overcome any obstacles collectively. We invite you to work in Russia and go to the fifth Japanese Financial Discussion board that can happen in Vladivostok in September,” Trutnev concluded.

The primary Korean Investor Day was held in June 2017 in Russia’s Khabarovsk. Tasks value greater than $250 mln with South Korean buyers have been inked there.

Heads of 22 giant South Korean corporations with complete income exceeding $200 bln participated in Tuesday’s roundtable.

In different media

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