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Korean delegation to WEF-2019 will be led by Deputy Prime Minister for Economics - EastRussia | Far East






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Korean delegation to WEF-2019 will be led by Deputy Prime Minister for Economics

Korean delegation to WEF-2019 will be led by Deputy Prime Minister for Economics
Photo: EasternEconomicForum

The South Korean delegation to the WEF-2019 will be headed by Hon Nam Ki, Deputy Prime Minister for Economics, Minister of Planning and Finance of the country. This was announced by the Plenipotentiary Ambassador of the Republic of Korea to the Russian Federation, Lik Sok Pae, at a meeting with Russian Presidential Advisor Anton Kobyakov, which was held in Moscow.

According to the forum organizers, the Korean delegation should include 200 representatives of the South Korean government, as well as businessmen. Among the latter are Korea Gas Corporation President Chee Hee Bon and Lotte Corporation CEO Hwang Kak-Kyu. As part of the WEF-2019, leading entrepreneurs of the two countries will discuss issues on the development of bilateral economic relations, including various business projects.

“For the fifth year in a row, the Eastern Economic Forum has become one of the most important events in the development of bilateral relations between Russia and the Republic of Korea due to the continued high interest of the South Korean side in this event. Last year, trade between Russia and the Republic of Korea increased by 29 percent, and in the first months of this year, by another 39 percent. I am sure that the Forum’s outcome this year will be even greater strengthening of cooperation between our countries, ”said Anton Kobyakov.

On the eve of the forum, the Korean Trade and Investment Promotion Agency will hold a business event with the aim of seeking potential investment projects in the Far East for Korean businessmen. Also within the framework of the WEF, a forum of interregional cooperation will be held; an agreement on the annual holding of which was signed by the President of the Russian Federation and the President of South Korea during the latter's visit to Russia.