title: Main achievements and further tasks for Korean-Russian economic cooperation: From trade to investment and innovation
metadata.name: dc.contributor.author
metadata.value: Lee, Sang Joon
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-11-10T15:21:31Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-11-10T15:21:31Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Lee Sang Joon. Main achievements and further tasks for Korean-Russian economic cooperation: From trade to investment and innovation. Vestnik of Saint Petersburg University. International Relations, 2020, vol. 13, issue 3, pp. 341–353.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu06.2020.304
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/20406
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article aims to examine the performance of trade and investment since the diplomatic
  normalization of relations between the Russian Federation (RF) and the Republic of Korea
  (ROK) and also suggests further areas for the development of economic cooperation between
  the two countries. The volume of trade between the two countries in 2019 has grown 116-fold
  compared to 1992. To increase trade volume, it is necessary to increase intra-industry trade
  to improve the mutual relationship. The direct investment of Korea into Russia has been increased, as well as diversified in different sectors. Korea’s total investment in Russia is approximately 2.75 billion USD, which is relatively small compared to investments made by Korea
  globally. Korea’s New Northern Policy seeks to strengthen cooperation with Russia. Korean
  companies must reevaluate the strategic importance of Russia. The lesson learnt from the
  previous experience of overcoming past crises is, first, to believe in the potential and capabilities of the Russian economy and market. The development of the Far East and the Arctic has
  made Russia’s energy supply chain more stable and flexible in responding to changes in the
  energy market. In addition, Russia is also becoming the center of the 4th Industrial Revolution thanks to its advanced scientific and technological capabilities, as well as the revival of its
  manufacturing industry. To advance economic cooperation between Russia and Korea, Korea
  has to invest in Russia’s global energy supply chain and participate in the formation of a global
  value chain in a certain industry by combining Russian advanced science and technology with
  Korean product development planning and global marketing capabilities. Specifically, The Far
  East, Arctic Development, and Triangle (or Quadrangle) Cooperation among ROK-DPRKRussia (-China) will provide significant opportunities to Korean companies.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. International Relations;Volume 13; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: economic cooperation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: trade
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: investment
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Korea
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Main achievements and further tasks for Korean-Russian economic cooperation: From trade to investment and innovation
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 341-353.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/20406/1/341-353.pdf
resources.format: Adobe PDF
resources.size: 850,95 kB