The opportunities for cooperation between Korea and the Far East are vast. Today, a competitive investment space has been created in the Far East; investors get incredible tax benefits and preferences; infrastructure is being created at the expense of the state, electricity tariffs are being reduced, and each investment project gets personalized support — Alexander Krutikov, Deputy Minister for the Development of the Russian Far East and Arctic.
A new mechanism of interaction can be an agreement between the Russky Island technoparks and the city of Pohang. <...> Now the administration of the Primorye Territory has launched a project to organize an industrial park in Bolshoi Kamen and allocated 200 hectares next to Zvezda shipyard specifically to site the production facilities. We have two contracts on the way with the enterprises that will become participants of the technology chain to produce the first ships at Zvezda — Konstantin Bogdanenko, Acting Vice Governor of Primorye Territory.
With the support from the government, our colleagues from the Ministry of Economic Development and Trade, we have received all possible preferences within the framework of the advanced development territory regime – tax benefits, per say. In May this year, we approved a subsidy for the engineering and social infrastructure of our project in the amount of USD 80 million — Vadim Medvedev, Managing Director of Investment Department, ESN Group .
Korean investors are very active in these projects, despite the sanctions and despite the previous unpleasant experience, but now the administration of Primorye Territory is taking measures to protect this business. I thank the Korean side for active participation in the establishment of enterprises — Dzhimbulat Tikeev, Chairman, Slavyansky Dockyard.