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Russia-SKorea trade to reach $14 bln in 2007
Published in Saudi Press Agency on 14 - 09 - 2007

South Korea intends to take part in providing for the infrastructure of the Winter Olympics in Sochi, South Korean Ambassador to Russia Lee Kyu Hyung said at a meeting of the Russian-South Korean Business Council here on Friday. "South Korea has a large experience in building the Olympic Games infrastructure," the envoy said, "I'm sure our experience may come useful in providing for the infrastructure of the 2014 Olympics."
Lee Kyu Hyung noted the importance of the fact that the forum of the Asian-Pacific Economic Cooperation in 2012 will take place in Vladivostok, Itar-Tass reported.
For his part, director of the 1st Asia Department of the Russian Foreign Ministry Konstantin Vnukov said "relations between Moscow and Seoul have been developing dynamically in all directions, including the political dialogue at top and high levels." "We highly appreciate the Moscow-Seoul interaction in the international arena, as well as within the framework of the sextet," Vnukov underlined.
Speaking about bilateral economic ties, he noted that "Russia is not satisfied with the overwhelming share of raw materials in its exports." "We're hoping that the agencies concerned will make efforts to rectify the situation," he went on to say.
"There are interesting joint projects on Kamchatka and Sakhalin. The Sakhalin-3 project has good prospects," the diplomat said, reminding that "Russia exports to South Korea liquefied gas and oil within the framework of the Sakhalin-2 project." "Russia is ready for cooperation in the sphere of advanced defense technologies," Vnukov said.


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