Close ties between the Russian and Korean leaderships provide an excellent foundation for a business partnership. The fact that Russia and Korea are neighbours provides a further impetus to deepening bilateral economic, financial and business relations. Cooperation in these sectors reinforces stability throughout the Asia-Pacific Region. Russian entrepreneurs are interested in establishing branches of Koreas biggest medical centres at the Free Port of Vladivostok, creating a Russo-Korean agricultural investment fund and transitioning to practical implementation of joint mechanical engineering, high-tech, agriculture and aquaculture projects, in accordance with the import substitution initiative. Experience amassed by Korean companies of working in European Russia may also be successfully applied in Eastern Siberia and the Russian Far East. This years RussiaRepublic of Korea business dialogue focuses on specific projects that could serve as a stepping stone toward a qualitatively new level of cooperation between the two nations. Advanced Special Economic Zones and the Free Port of Vladivostok: modern solutions. Which factors stand in the way of RussianKorean joint investment projects? Which new Russian projects could capture the attention of Korean investors in Russia and vice versa?