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- KEXIM Bank and FEDF to present new projects aimed at the development of Russia-South Korea cooperation during the Eastern Economic Forum 2018 in Vladivostok
KEXIM Bank and JSC “Far East and Baikal Region Development Fund” (FEDF) hold a working level meeting to assess the perspectives of Korean investors’ participation in investment projects in the Russian Far East. Parties discussed the projects, carried out in the Russian Far East following the results of 17th South Korea-Russia Joint Committee on Economic, Scientific and Technological Cooperation, which took place in Seoul on June 7th, 2018.
KEXIM’s Chief Representative of Moscow office Silh Cha expressed his content with existing cooperation with FEDF and noted the role FEDF plays in bank’s deeper understanding of investment opportunities in the Russian Far East.
Following the concept of “9 bridges” between Russia and Korea presented by President Moon Jae-in, KEXIM and FEDF are fulfilling their duties in accompanying and supporting Korean investors in the Russian Far East. For instance, KEXIM provided a loan to Lotte Group to acquire agricultural assets in Primorsky Krai.
“Successful accomplishment of the mentioned projects represents the first result of KEXIM-FEDF cooperation initiative, aimed at supporting Korean investments in the Far East. We will surely continue working in that direction and our joint Korea-Russia team is determined to deliver the presentation on how to utilize the current cooperation initiative from the potential investor’s point of view during the Eastern Economic Forum, which will take place on September 11th-13th in Vladivostok this year” – said Deputy CEO of FEDF Denis Askinadze.