RUSSKY ISLAND (Vladivostok), September 8 (RIA Novosti)
- South Korea Starts Building Two New Reactors
- South Korea Places New Cruise Missile in Service
- U.S., South Korea Begin Joint Large-Scale Drills
- Russia, South Korea to discuss gas supplies via North Korea
Russian President Vladimir Putin said on Saturday that Seoul is Moscow’s third largest trade and economic partner in the Asia Pacific Region.
In a conversation with his South Korean counterpart Lee Myung-bak, Putin also lamented that relations between Russia and South Korea lacked mutual investment.
The Russian leader said economic relations are being diversified and added that he is satisfied with a high level of political cooperation with South Korea.
Lee Myung-bak said bilateral relations will intensify if the visa regime is canceled, adding that he hopes for development of cultural cooperation between the two countries.
Bilateral trade in 2011 grew year-on-year by 40 percent to reach a record of $25 billion. In the first half of 2012, trade grew 4.2 percent. The volume of accumulated investment in the Russian economy totals about $3 billion.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: The Pearl of Russia's Far East
Infographics: Nobel Peace Prize
Vladimir Putin Meets with Members of the Valdai International Discussion Club. Transcript of the Final Plenary Session
Vladimir Putin took part in the final plenary session of the Valdai International Discussion Club’s 11th meeting. The plenary session summed up the club’s work over the previous three days, which concentrated on analysing the factors eroding the current system of institutions and norms of international law.