Russia and the Republic of Korea to Hold Joint Business Events in 2020
The Roscongress Foundation held an online meeting with Vice President for International Relations at the Korean International Trade Association (KITA) Jo Hakhee.
The meeting concerned the organization of joint RussiaSouth Korea online events dedicated to the 30th anniversary of the establishment of diplomatic relations between the two countries. Potential event formats include bilateral online meetings between companies from both countries, webinars on the results and future of 30 years of cooperation between the two countries, prospective areas of cooperation between Russia and the Republic of Korea, and population and business support measures in South Korea during the pandemic.
Also discussed were joint efforts in holding major multilateral business events both on and off-line. As in previous years, KITA expressed the desire to serve as a partner in organizing the RussiaRepublic of Korea business dialogue as part of the Eastern Economic Forum (EEF) in 2020.
Moreover, the parties discussed potential partnerships as part of the International Forum for Northern Economic Cooperation, which will be held in South Korea. The event was organized as part of the New Northern Policy, which was established in 2017 by the administration of President Moon Jae-In to strengthen economic cooperation between South Korea and Russia, former Soviet countries, Mongolia, and northeastern Chinese provinces.
The Roscongress Foundation and KITA have actively been cooperating since 2016, partnering in the organization of events such as the RussianKorea Business Dialogue as part of EEF (in 2016, 2018, and 2019), the session RussiaRepublic of Korea: Expanding Economic Cooperation within the Framework of Greater Eurasia (3 July 2017, Seoul), the business event Doing Business in Russia: Regional Opportunities for Korean Business (25 October 2017, Seoul), and the RussiaKorea Business Forum as a part of President of the Republic of Korea Moon Jae-ins visit to the Russian Federation (22 June 2018, Moscow). The organizations signed a cooperation agreement in 2018.