Russia and South Korea step up cooperation in high-tech sectors

Russia and South Korea are ready to step up joint R&D efforts in IT and a number of high-tech areas. Envoys of the two partners’ political, business and scientific circles reached preliminary agreements on this and other matters last month in Seoul.

Commenting on the results of the talks, Oleg Plaksin of RVC, Russia’s state-owned fund of funds for innovation, said that information technologies, biotechnologies, new materials, shipbuilding, robotics, aerospace projects and nanotechnology have all been identified as key sectors for cooperation.

The interests of the Korean side were represented by the president of the Center of Strategic Research Planning and Development, part of the country’s Ministry of Commerce, Industry and Energy.

The Koreans believe that “Russia has a lot of areas where its companies and technologies have competitive advantages.” Longer-term plans include the seeking of global market opportunities with jointly developed products.

Representatives of the two countries are aiming to establish a joint governmental commission on bilateral cooperation in innovation.

Source: Rossiyskaya Gazeta

Topics: International, Labor & HR issues, News
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