Plans to Activate Investment between Korea and Russia during Putin's Fourth Term – Focusing on High Value-added Industries

5 Pages Posted: 13 Oct 2021

See all articles by Joungho Park

Joungho Park

Korea Institute for International Economic Policy

Seung-Hyun Kim

Korea Institute for International Economic Policy

Minhyeon Jeong

Korea Institute for International Economic Policy

Boogyun Kang

Korea Institute for International Economic Policy

Chorong Kim

Korea Institute for International Economic Policy

Sergei Sutyrin

Saint Petersburg State University

Olga Y. Trofimenko

Saint Petersburg State University

Irina A. Korgun

Institute of Economics of the Russian Academy of Sciences

Date Written: September 29, 2021

Abstract

The main goal of this study is to identify policy implications for investment cooperation between Korea and Russia in the 4th term of President Putin and to seek ways to increase mutual investment. In particular, case studies were conducted of various investment cooperation projects by Russia with other countries amid the ongoing fourth industrial revolution, aiming to suggest more practical approaches to increase Korean investment in Russia.

Marking the 30 years since establishment of diplomatic relations between Korea and Russia, we need to look back on economic cooperation between the two countries and seek ways to develop cooperation one step further. We are seeing fundamental changes in the industrial structure due to reorganization of the international order and digital transformation – such as competition be-tween the United States and China, the establishment of strategic cooperative relations between China and Russia (the so-called fourth industrial revolution), ecosystem disturbances due to climate change and the COVID-19 pandemic, etc. It is necessary to prepare a new type of cooperation strategy in consideration of the fundamental change of paradigm.

Suggested Citation

Park, Joungho and Kim, Seung-Hyun and Jeong, Minhyeon and Kang, Boogyun and Kim, Chorong and Sutyrin, Sergei and Trofimenko, Olga Y. and Korgun, Irina A., Plans to Activate Investment between Korea and Russia during Putin's Fourth Term – Focusing on High Value-added Industries (September 29, 2021). KIEP Research Paper, World Economy Brief 21-42, Available at SSRN: https://ssrn.com/abstract=3940744 or http://dx.doi.org/10.2139/ssrn.3940744

Joungho Park (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Seung-Hyun Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Minhyeon Jeong

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Boogyun Kang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Chorong Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Sergei Sutyrin

Saint Petersburg State University ( email )

7-9, Universitetskaya nab.
Saint Petersburg, 199034
Russia

Olga Y. Trofimenko

Saint Petersburg State University ( email )

7-9, Universitetskaya nab.
Saint Petersburg, 199034
Russia

Irina A. Korgun

Institute of Economics of the Russian Academy of Sciences ( email )

Nakhimovskiy ave., 32
Moscow, 117218
Russia

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