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Korea's Mid- to Long-Term Economic Strategy for Russia economic relations, economic cooperation

Author Jae-Young Lee et al. Series 07-23 Language Korean Date 2007.12.30

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It has been 17 years since the diplomatic relations between Korea and Russia normalized. Recently, economic cooperation has steadily developed in trade- investment cooperation fields, along with energy, railroad, science-technology and aerospace industries. According to 2005 data, the trade volume between the two countries reached approximately US$10 billion and Russia was the 12th largest importer of Korean goods and the 16th largest exporter to Korea. By the end of 2006, the accumulative amount of Korean investment toward Russia was $371,560,000, and Russia is marked as the 28th largest recipient of Korean foreign investment. (The rest is omitted.)

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