The Russian government is trying to enter the WTO by enhancing its international competitiveness and gaining pace in participating in the superpower circle. Russia applied for membership in the General Agreement on Tariff and Trade (GATT) in 1993, and since then it has undertaken various institutional reforms. Russia's WTO accession is expected to provide many economic benefits in mid- and long-term perspectives: trade facilitation, enhancement of industrial competitiveness, industrial diversification, growth in consumers' welfare, and so on. By signing the bilateral agreement with the United States in 2006, Russia became close to joining the WTO. As of October 2007, Russia now has to complete bilateral talks with Georgia and Saudi Arabia, and is expected to enter the WTO officially in 2008. Russia's accession to the WTO will lead to the changes of the trade and investment climate in Russia. Thus, this study analyzes how the changes of the trade and investment climate in Russia after Russia's accession to the WTO will influence Korea-Russia economic relations, and suggests appropriate Korea's trade and investment policies. (The rest is omitted.)