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Russia–Korea Business Cooperation Receives New Impetus

15 July 2020
Российско-южнокорейское деловое сотрудничество получило импульс к развитию

The Roscongress Foundation accommodates open business communications not only at forum venues, but also in the digital space. The Foundation and the Korea International Trade Association (KITA) have stepped up the Russia—Korea line of business cooperation. A series of online meetings took place between the experts of the Russian tech giant Yandex and promising technological companies of the Republic of Korea.

Exaenm, Dexint Games, Idea Concert, and Heartgames, who develop online games and content, as well as Anam Electronics and MARKT, who work on development and manufacturing of audio equipment with voice assistance, were among the Korean attendees.

Korean startups have a great potential these days for carrying out joint IT projects. For example, Dexint Games launched Battle Rivals in the SEA region in May. HeartGames is actively using the Facebook platform. Anam Electronics has experience working with vendors, as well as manufacturing capacities in Vietnam.

Cho Bitna, Director of the Eurasia Department of the Korea International Trade Association noted, «Together with the Roscongress Foundation, we have successfully conducted a series of meetings between promising South Korean technological startups and small and medium-sized businesses and Yandex, one of the largest Russian IT companies that is developing a search system and a whole range of various services. We will continue to promote the growth of cooperation between South Korean startups, who develop leading technologies and large Russian corporations that are interested in them.»

«The Roscongress Foundations seeks to accommodate open communications among representatives of the business community. A series of online meetings between Yandex experts and South Korean IT companies may become an excellent stimulus for implementing new joint projects,» said CEO and Chairman of the Roscongress Foundation Alexander Stuglev.

Introduction of the South Korean and Russian business communities to cutting-edge promising developments is a key line of cooperation between the Roscongress Foundation and the Korea International Trade Association. Plans include organizing new online business activities.