The world has changed in the wake of the pandemic, and new areas of economic cooperation need to be identified
In this period of the COVID-19 pandemic, we are witnessing and experiencing rapid changes in the global economy, such as the digital economy, the low-carbon economy, and the restructuring of global supply chains. These changes are not temporary. It is expected that they will fundamentally reshape the paradigm of global development. In order to effectively react to these changes, it is vital that economic cooperation between Russia and South Korea reaches new heights — Hong Nam Ki, Vice Prime Minister, Minister of Planning and Finance of the Republic of Korea.
In terms of priority areas, we are willing to propose important sectors such as hydrogen power, medicine, and of course, tourism. Hydrogen power could become a key area of Russian-Korean collaboration, given the resources of the Far East and growing demand for imported hydrogen in the economies of the Asia-Pacific region — Alexey Chekunkov, Minister of the Russian Federation for the Development of the Far East and the Arctic.
2020 and the COVID-19 pandemic have had a substantial impact on all processes, including principles of work and priorities in international cooperation. Whereas previous editions of the Eastern Economic Forum saw us discussing collaboration with our South Korean partners in the traditional fields of automotive manufacturing, electronics, agriculture, and gas, today the agenda tends to focus more frequently on high-tech medicine, IT, biotechnology, the environment, and new materials — Elena Kharisova, Vice President for Perspective Projects and New Infrastructure, Far Eastern Federal University (FEFU); General Director, Development Fund of the Innovative Research and Technology Center Russky.