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

Joungho Park (), Seok Hwan Kim (), Minhyeon Jeong (), Boogyun Kang (), Cho Rong Kim (), Sergei Sutyrin, Olga Trofimenko and Irina Korgun ()
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Joungho Park: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] , Building C, Sejong National Research Complex, , 370, Sicheong-daero, , Sejong-si, Korea,, https://www.kiep.go.kr/eng/
Seok Hwan Kim: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] , Building C, Sejong National Research Complex, , 370, Sicheong-daero, , Sejong-si, Korea,, https://www.kiep.go.kr/eng/
Minhyeon Jeong: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] , Building C, Sejong National Research Complex, , 370, Sicheong-daero, , Sejong-si, Korea,, https://www.kiep.go.kr/eng/
Boogyun Kang: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] , Building C, Sejong National Research Complex, , 370, Sicheong-daero, , Sejong-si, Korea,, https://www.kiep.go.kr/eng/
Cho Rong Kim: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] , Building C, Sejong National Research Complex, , 370, Sicheong-daero, , Sejong-si, Korea,, https://www.kiep.go.kr/eng/
Irina Korgun: Russian Academy of Science, Postal: 119991 GSP-1 Moscow V-71, Leninskii avenue, 14, http://www.ras.ru/

No 21-42, World Economy Brief from Korea Institute for International Economic Policy

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.

Keywords: Korea; Russial Putin; investment; cooperation; fourth industrial revolution (search for similar items in EconPapers)
Pages: 5 pages
Date: 2021-09-29
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