"For 8 months of this year, the trade turnover between the Republic of Korea and the Russian Federation increased by 56.8% and amounted to $ 19.2 billion. The volume of trade ... increased by 14%," the Ministry for the Development of the Russian Far East said in a statement.
According to Chekunkov, Moscow and Seoul are considering new joint projects in healthcare, port infrastructure, ship repair, tourism, agriculture, science and technology, and hydrogen energy.
"Russia's chairmanship in the Arctic Council ... creates additional opportunities for expanding Russian-Korean cooperation in the Arctic ... We have taken the bar for the transportation of hydrocarbons - the Northern Sea Route is already a recognized international transport route for the transportation of liquefied natural gas," the department noted.
One of the priority goals at the moment is to make the Northern Sea Route the same route for containers.
In October, the Russian Ministry for the Development of the Russian Far East and the State Atomic Energy Corporation Rosatom prepared a project for regular transportation along the Northern Sea Route (NSR) using the Sevmorput lighter carrier.