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DPM Hong Meets with Russian Businesses, Seeking Closer Cooperation

  • DivisionInternational Economic Affairs Bureau - International Economic Cooperation Division
  • DateSeptember 26, 2019
  • Tel0442157630

DPM Hong Meets with Russian Businesses,

Seeking Closer Cooperation

 

 

As part of his visit to Russia for the 18th Korea-Russia Joint Commission on Economic, Scientific and Technological Cooperation held in Moscow on September 24, Deputy Prime Minister Hong Nam-ki visited Skolkovo Innovation Center in Moscow on September 25 to seek closer cooperation with Russia’s high-tech sector.  DPM Hong also met with the chairman of Russia’s largest state-run electric power company, Rosseti, to discuss ways to enhance cooperation in the electricity sector.  Finally, he met with Korean business leaders and listened to their difficulties.

 

Visit Skolkovo Innovation Center

 

On his visit to Skolkovo Innovation Center, Deputy Prime Minister Hong said that Korea-Russia cooperation in high-tech sectors such as materials, parts, equipment, IT, energy efficiency, bio-health and aerospace is highly likely to succeed as the two countries have successfully completed previous joint development projects.  DMP Hong said that the chance is high for part of the agreed billion-dollar joint fund to be invested in the technologies developed by Skolkovo startups, and said Korea will work to enhance cooperation with Skolkovo.

 

Meet with the chairman of Rosseti

 

Deputy Prime Minister Hong met with Chairman Pavel Anatolievich Livinskiy of Rosseti, Russia’s largest state-run electric power company, and discussed the importance of forming a North East Asia super grid connecting power networks in the region.  DPM Hong and Chairman Livinskiy agreed to work together to seek ways for the two countries’ state-owned power companies to jointly participate in power plant construction projects.

 

Meet with Korean business leaders

 

Deputy Prime Minister Hong met with Korean food companies planning to enter Russia’s food markets at ‘WorldFood Moscow,’ an international food exhibition, and agreed with the need for support to address their difficulties with marketing and distribution networks.  DPM Hong also had a meeting with Korean business leaders operating in Russia, and said that addressing their difficulties can benefit Russia as it helps improve Russia’s business environment.

Ministry of Economy and Finance
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