11 Sep 2018 12:25

South Korea invests $50 mln in Russian Far East's development - representative's office

VLADIVOSTOK. Sept 11 (Interfax) - The Russian Deputy Prime Minister and Presidential Representative for the Far East, Yury Trutnev, has noted a high potential of cooperation between Russia and South Korea at the Eastern Economic Forum in Vladivostok.

"The Russian-Korean interaction has a big potential. The number of ongoing projects in the Far East has grown a lot. We are capable of implementing every agreement we have reached," Trutnev said at a meeting with South Korean parliament member Song Young-gil and South Korean Ambassador to Russia Woo Yoon-keun.

According to Trutnev's press service, the sides discussed investment cooperation between Russia and South Korea in the Far East.

The portfolio of Far East development projects involving South Korean investors "consists of six projects with a total investment of $50 million," the press service said.

The projects address fish deep processing, hospitality business, production of household chemicals, and some other areas.