Agriculture companies of South Korea and Russia will meet in Vladivostok this week to discuss partnership and investment opportunities in the Far Eastern region of Russia.
Korea’s Ministry of Agriculture, Food and Rural Affairs said that 39 agriculture companies from Korea and Russia will participate in the first Korea-Russia agribusiness gathering event to be held in Vladivostok on Wednesday. The event is hosted by Korea Rural Community Corp. to promote private-level bilateral exchanges and cooperation as well as help Korean agricultural firms to seek business in Russia.
Around 1990 some Korean agriculture companies pioneered into the Russian agriculture market through Primorsky Krai or Maritime Territory in the Far Eastern region of Russia, and since then many Korean firms have sought business deals in Russian agriculture market, said the agriculture ministry.
During this year’s event, Korean and Russia agriculture companies will sit together and discuss agricultural investment opportunities in Russia, in particular, its Far Eastern region. Also, Korea Rural Economic Institute will share ideas on ways to boost economic cooperation between the two countries, while the provincial government of Primorsky Krai will introduce Russia’s policies on agricultural investment in the Far East region.
In addition, Korean companies will present latest agriculture technology and machines, and tour Korean farms and greenhouses in Russia’s Maritime Territory.
By Seok Min-soo and Cho Jeehyun
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