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  • PARK RO-BYUG: KOREAN BUSINESSMEN WANT TO BECOME RESIDENTS OF PRIORITY DEVELOPMENT AREAS

    11 April 2016

    Deputy Minister for the Development of the Russian Far East Sergei Kachayev and South Korean Ambassador to the Russian Federation Park Ro-byug recently held negotiations in Seoul during which they discussed the integration of South Korean business into the economy of Russia’s Far East.

    Among the central issues they discussed was the ability for major South Korean medical centres to open branches on the territory of the Free Port of Vladivostok and the establishment of a Russian–South Korean agro-industrial investment fund. “We are providing the South Korean side with information about promising agricultural projects and are ready to discuss the involvement of South Korean investors in such projects,” the Deputy Minister said.

    Park Ro-byug noted that South Korean companies are already implementing a number of agricultural projects in Russia’s Far East and this list may be expanded. He also noted that South Korean investors are interested in the fish industry as residents of priority development areas or the Free Port of Vladivostok.