Russia's Digital Economy Policy and Korea-Russia Cooperation Measures

Joungho Park (), Seokhwan Kim (), Boogyun Kang (), Jiyoung Min (), Sergey D. Valentey (), Evegeny F. Avdokushin () and Marco Siddi ()
Additional contact information
Joungho Park: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/index.do
Seokhwan Kim: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/index.do
Boogyun Kang: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/index.do
Jiyoung Min: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/index.do
Sergey D. Valentey: Plekhanov Russian University of Economics
Evegeny F. Avdokushin: Moscow State University
Marco Siddi: Finnish Institute of International Affairs

No 20-25, World Economy Brief from Korea Institute for International Economic Policy

Abstract: The study aims to suggest policy implications for Korea-Russia cooperation in the digital economy by analyzing Russia’s current state of digital competitiveness, digital economy policies and international cooperation cases. Russia’s digital economy can be assessed medium level. Russia has been adopting digital economy policies to develop legal institutions and improve business environment, and is actively proceeding international cooperation with China. To activate digital cooperation between Korea and Russia, national policy and mechanisms for bilateral cooperation are necessary. Therefore, we suggest the conclusion of a “joint digital economic initiative” between Korea and Russia, based on which a roadmap by sectors can be formulated. As leaders on both sides have agreed on cooperation in the 4th industries, it is now time to design more specific cooperation projects and establish relevant institutions. In addition, a cooperation mechanism among that spans industry, academy and government may help to realize the joint initiative.

Keywords: Digital Economy; Russia (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2020-09-16
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