To Discuss Economic Cooperation with Russia
South Korean Deputy Prime Minister Hong Nam-ki visits Moscow on Sept. 23 to attend the 18th meeting of the Korea-Russia Joint Commission on Economic, Scientific and Technological Cooperation.
The commission is a high-level council where the two countries discuss various economic cooperation issues. The first meeting of the commission took place in July 1997.
Earlier, on Sept. 5 and 6, the deputy prime minister attended the 5th Eastern Economic Forum in Vladivostok. There, he discussed preparations for the 18th meeting with Russian Deputy Prime Minister Yury Trutnev. Also, he visited the Zvezda shipyard, which is in the process of modernization to become the largest shipyard in Russia. At present, South Korean shipbuilders are working with the shipyard to that end.
In Moscow, the two deputy prime ministers are expected to cover issues such as the two countries’ joint fund for investment in the material, component and equipment industries, the establishment of a council of Northeast Asian developers, specific action plans for Korea-Russia FTA negotiations, and the construction of logistics infrastructure between the two countries’ primary industry sectors.