The Korean-Russian economic relations began 20 years ago in 1990, when the diplomatic relations were established between the two countries. The Korea-Russia Far Eastern economic cooperation is one of the most important components of this history. Therefore, it would be meaningful analyze the 20 years of economic relations between Korea and Russian Far East in this context, and seek out mid-/long-term visions and action plans. Therefore, the purpose of this study is to suggest ways to push ahead with new cooperation projects on the basis of 20 years of bilateral cooperation and to greatly expand it.
This report consists of 6 chapters, opening with the introduction (chapter 1), followed by an overview and evaluation of the Federal Target Program “Economic and Social Development of the Far East and Transbaikalia until 2013” (2013 Program) and “Strategy for Socio-Economic Development of the Far East and the Baikal Region until 2025” (2025 Strategy) in Chapter 2. Also, the report outlines their accomplishments and limits, and shows policy implications of long-term development strategies for the Russian Far East. As the 2013 Program and the 2025 Strategy have secured much budget funding, and given the government's higher will to implement the strategy compared to past regional development programs, most of the projects specified and targeted in the two plans will likely be realized. Thus, the Republic of Korea should create a strategy to enter the Russian Far East, based on the “2025 Strategy”, which will be implemented in three stages.
Chapter 3 analyzes trade and investment relations of the Russian Far East with China, Japan, US, and EU; an issue just as meaningful and important for the Korean government in establishing its visions for entry into the Russian Far East and for its mid-/long-term cooperation strategy. This analysis shows that Northeast Asian countries are major trade partners and EU is an important investor for the Russian Far East. Also, we can elicit important implications for the Korean government, that is, for institutionalization of regular intergovernmental channels as well as establishing close private exchange. For instance, China is pushing for deeper cooperation with the Russian Far East in government, while the US and EU have drawn up the framework of cooperation in government while promoting practical cooperation in the private sector.
In Chapter 4, this study makes a comprehensive analysis of the business climate in the Russian Far East through surveys and interviews with local companies including Korean, Russian, and other countries. In particular, we examine the business performance of companies that entered the Russian Far East and their future business management strategies, and then suggest various and effective countermeasures to cope with the rapidly changing situation. According to the results of the analysis of the business climate of the Russian Far East, high production cost is the most serious problem for companies. Second most serious involves infrastructure–problems with electricity, water supply, transportation, and collection of payments have been pointed out. In addition, companies are being made to suffer administrative barriers such as bureaucratic red-tape. Yet many companies that have made inroads into the Russian Far East have taken various measures in response.
Chapter 5 assesses the accomplishments as a result of economic cooperation between Korea and the Russian Far East for the past 20 years in trade, investment, energy resources, and other sectors. Based on the results, we show the mid-/long-term vision for bilateral economic cooperation. Moreover, we evaluate the climate for economic cooperation between the two for the medium and long term, taking into consideration development strategies of the Russian government (Chapter 2), assessment of accomplishments from economic cooperation between the Russian Far East and major partner countries (Chapter 3), analysis of the business climate in the Russian Far East (Chapter 4), and evaluation of economic cooperation between Korea and the Russian Far east (Chapter 5. 1). This study reveals that there are several policy areas in cooperation; for instance, development of resources and energy, inter-industry cooperation to provide support for industry diversification, infrastructure development, and export market expansion; in the mid-/long-term vision of economic cooperation with the Russian Far East. Moreover, the study shows additional strategies for executing it successfully, such as a ‘package deal’ including high-tech cooperation(IT), the cross investment in both the upstream and downstream sectors, provision of advice based on Korea’s past industrialization experience and utilization of manufacturing competitiveness, etc. Also, these policies should be established and implemented in accordance with long-term regional development strategies being carried out by the Russian government, such as the “2025 strategy”.
As such, Korea should expand participation in the regional development of the Russian Far East and promote investment in the region. The factors that should be considered for that purpose are as follows: (ⅰ) active participation in transportation infrastructure projects; (ⅱ) to seek actively various ways to participate in the telecommunication infrastructure development and industrial modernization of the Russian Far East and East Siberia, along with regional telecommunication service projects; (ⅲ) promote energy resources cooperation; (ⅳ) to be involved in the construction of a petrochemical complex and port terminals in the region; (ⅴ) to push ahead with multilateral cooperation projects in the Far East; (ⅵ) take into consideration the high possibility of Korea-Russia FTA conclusions, which will be pivotal in Russia’s entry into the Northeast Asian economic block; (ⅶ) to utilize the “Korea Investment Fund” to support active investment and entry of Korean firm into the Russian Far East; (ⅷ) to maintain close relationships with local governments for a practical cooperation results. In addition, it is desirable that Korea and Russia prioritize existing and potential cooperation projects through maintenance of productive relationships in the “Far Eastern Siberian Subcommittee between Korea and Russia” and “Korea-Russia Dialogue: KRD” and establish the “Korea-Russia Far East Cooperation Program”, with a specific project schedule and implementation plans.

서 언 

국문요약 

제1장 서 론 
1. 연구의 필요성과 목적 
2. 선행연구의 검토 및 연구의 차별성 
3. 연구의 범위 및 방법  

제2장 러시아 극동지역의 장기발전 전략 분석 
1. 극동지역의 주요 사회경제적 현황 
가. 인구 
나. 지역내 총생산(GRDP)과 국민 소득 
다. 외국인투자 
라. 극동지역 경제 현황 
마. 종합 평가 및 전망 
2. ‘극동발전전략 2013’ 
가. ‘극동발전전략 2013’의 내용과 특징 
나. ‘극동발전전략 2013’의 성과와 한계 
3. ‘극동발전전략 2025’ 분석 
가. ‘극동발전전략 2025’의 수립 배경과 의미  
나. ‘극동발전전략 2025’의 전략적 목표와 내용  
다. ‘극동발전전략 2025’의 기대효과  
4. 러시아 극동지역 장기발전 전략의 평가와 시사점 

제3장 러시아 극동지역과 주요국의 경제협력 평가 
1. 러시아 극동지역과 중국의 경제협력 
가. 러시아 극동지역과 중국의 무역협력 
나. 러시아 극동지역과 중국의 투자협력 
2. 러시아 극동지역과 일본의 경제협력 
가. 러시아 극동지역과 일본의 무역협력 
나. 러시아 극동지역과 일본의 투자협력 
3. 러시아 극동지역과 미국의 경제협력 
가. 러시아 극동지역과 미국의 무역협력 
나. 러시아 극동지역과 미국의 투자협력 
4. 러시아 극동지역과 EU의 경제협력 
가. 러시아 극동지역과 EU의 무역협력 
나. 러시아 극동지역과 EU의 투자협력 
5. 주요국의 대러 극동지역 경제협력 비교 

제4장 러시아 극동지역의 비즈니스 환경 평가 
1. 극동지역 진출기업 개요 및 진출 동기 
가. 설문기업 개요 
나. 진출 동기 및 만족도 
2. 현지 비즈니스 환경 평가
가. 영업개시 이전단계 환경
나. 원부자재 및 금융 조달 환경
다. 매출‧영업‧마케팅 환경
라. 임금 및 고용 관리 
마. 노무 및 인사 관리 
바. 현지 비즈니스 환경 종합
3. 현지 경영성과 및 향후 전망
가. 경영성과 
나. 향후 현지사업 운영 전망 
4. 향후 비즈니스 환경변화 전망 및 대응 방안
가. 정치적 환경 
나. 경제적 환경 
다. 비즈니스 활동 장애요인 및 대응 방안 

제5장 한국의 대러 극동지역 중장기 경제협력 비전
1. 한‧러 극동지역 경제협력 현황과 평가 
가. 한‧러 극동지역 경제협력 20년의 성과 
나. 한‧러 극동지역 경제협력 평가 
2. 한‧러 극동지역 중장기 경제협력 환경 분석
가. 외부환경 분석 
나. 내부환경 분석 
3. 한‧러 극동지역 중장기 경제협력 전략 도출 
가. S-O 전략 
나. W-O 전략 
다. S-T 전략 
라. W-T 전략 

제6장 요약 및 정책 제언 
1. 연구의 요약 
2. 정책 제언 

참고문헌 

부록  

Executive Summary