“I want to propose the establishment of a joint South Korean-Russian investment fund, especially in the field of component materials and equipment,” he said.
In his opinion, the fund will help develop the industry of components, equipment and materials.
He also said that Seoul hopes to complete negotiations on a free trade agreement with Russia in the first half of 2020.
“I hope that in the first half of next year we will be able to complete these negotiations. This is our goal, ”said Hong Namghi.
Earlier, Russian President Vladimir Putin said during a WEF plenary meeting that he allows foreign investors to come to strategic enterprises in the Far East.