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Cooperation with Korea

Meeting with the representatives of the Republic of Korea

A meeting of the representatives of Leningrad region and the representatives of the Republic of Korea took place in the Front Office for Investor Relations of the Administration of Leningrad Region.

First Deputy Chairman of the Committee for Economic Development and Investment Activity Maxim Kiselnikov and employees of Economic Development Agency of Leningrad Region were representing Leningrad region.

The Republic of Korea was represented by Regional Director General for CIS of KOTRA (Korea Trade-Investment Promotion Agency) Kim Jongkyung and General Director of KOTRA Kim Jung-Hoon.

During the meeting Maxim Kiselnikov presented economic potential of Leningrad region, told about its investment attractiveness, investment projects support in the region.

The meeting was aimed at further development of economic cooperation between Russia and Korea, provision of information to potential Korean investors about investment climate of Leningrad region.

 

Reference

Leningrad region and the Republic of Korea have sustainable partner trade and economic relations.

In 2017 trade turnover between the Republic of Korea and Leningrad region came to 111.5 million USD (1.2% of the total volume of trade turnover of the region) which is the 20th place.

The main export directions: timber, pulp and paper products (77.8%); chemical industry products, natural rubber (20.4%); machinery, equipment and vehicles (1.6%).

The main imported goods: machinery, equipment and vehicles (65.4%); chemical industry products, natural rubber (21.3%); food products and agricultural raw materials (9.2%).

There are several companies with Korean capital operating in Leningrad region: Yura Corporation Rus (production of automotive electrical wiring and other components for the largest Russian automobile manufacturers), Hanil Rus (production of components for brake systems), Unico Logistics SPb (a representative office of an international South Korean logistics operator UNICO).

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Economic Development Agency of Leningrad Region

 

Address: 64 B Malookhtinsky avenue, office 402, Saint Petersburg, 195112, Russia

Phone: + 7 (812) 644 01 23

Fax: +7 (812) 644 01 23 (ext. 2042)

invest@lenreg.ru 

lenoblinvest.ru

 

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