A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Russia–Republic of Korea
7 September 2017

Investors from the Republic of Korea are increasing their commitments in regions of the Russian Far East, and discovering for themselves the new investment support mechanisms that are available in the macroregion. The majority of Korean projects are concentrated in the seafood and agroindustrial sectors. At the same time, such projects account for less than 1% of foreign investment into the Russian Far East from Asia-Pacific countries in the last two years. Investors have yet to discover the potential for investment cooperation that exists in such sectors as mineral extraction, logistics, tourism, energy, cutting-edge technology, and medicine. The window of opportunity opening up in relations between Russia and the Republic of Korea is making it possible for this potential to be realized more quickly, and for work to begin on major projects which can benefit business in both countries, such as the construction of a container line for the Northern Sea Route. Moreover, the prerequisites for a sizeable increase in trade turnover will be met by a free trade agreement between Russia and South Korea which is currently under discussion. What is obstructing the flow of Korean investment into the Russian Far East? What solutions does business need from the governments of the two countries in order to operate with confidence in the macroregion? How does Korean business rate the competitiveness of conditions for investing and doing business in the Russian Far East? What experience can South Korea draw on in the Russian Far East to improve the investment climate? Are Russian and Korean businesses interested in implementing megaprojects such as the development of the Northern Sea Route and the creation of an Asian energy ring? What are Russian and Korean businesses expecting from a free trade agreement between Russia and Korea?

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