The New Prospects for Economic Cooperation between the Republic of Korea and the Russian Federation in the Far East

The policy of the government of the Republic of Korea (ROK) is aimed at sustainable provision of its economy with resources from the Far East. Moreover, it seeks to open the way from South Korea to Europe. The implementation of joint projects in the format "Russian Federation – Republic of Korea – Democratic People’s Republic of Korea" is connected with the potential of cooperation between our countries on the Far East. As a result, economic cooperation between the Republic of Korea and Russia will allow both to promote their joint development and to ensure their security.

Keywords

the situation on the Korean Peninsula, trilateral projects, Eurasian railway project, the po-tential of the Far East, the provision of resources, foreign trade of the Far East

Received

23.09.2019

Publication date

23.09.2019

Number of characters

19396

Cite

GOST	Song B. The New Prospects for Economic Cooperation between the Republic of Korea and the Russian Federation in the Far East // Problemy Dalnego Vostoka – 2019. – Issue 4 C. 104-110 [Electronic resource]. URL: https://pdv.jes.su/S013128120006101-2-1 (circulation date: 20.04.2024). DOI: 10.31857/S013128120006101-2
MLA	Song, Byung Jik "The New Prospects for Economic Cooperation between the Republic of Korea and the Russian Federation in the Far East." Problemy Dalnego Vostoka 4 (2019):104-110. DOI: 10.31857/S013128120006101-2
APA	Song B. (2019). The New Prospects for Economic Cooperation between the Republic of Korea and the Russian Federation in the Far East. Problemy Dalnego Vostoka (4), pp.104-110 DOI: 10.31857/S013128120006101-2

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1. . For the first time, Park Geun-hye unveiled its Eurasian Initiative in October 2013, calling it the goal of creating a single Silk Road Express transport corridor (running from South Korean Busan to London through North Korea and Russia) and implementing large-scale energy projects in RF, Central Asian republics and China.

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12. . Russian Direct Investment Fund (RDIF) is a 100% subsidiary of Vnesheconombank, an investment fund created to attract foreign investment in leading companies in the fastest growing sectors of the Russian economy.

13. . Korea Investment Corporation (KIC) is a national welfare fund of the republic and specializes in foreign investment. KIC was created by the government, but operates on a commercial basis.

14. . Foreign Trade Statistics / Far Eastern Customs Administration of the Federal Customs Service of the Russian Federation. URL: http://dvtu.customs.ru.

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