ID :
22096
Wed, 10/01/2008 - 16:30
Auther :
Shortlink :
http://m.oananews.org//node/22096
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Industrial parks for S. Korean firms to be set up near Moscow: gov't
SEOUL, Sept. 30 (Yonhap) -- Industrial parks for South Korean firms are to be set up near Moscow to help businesses expand their presence in the rapidly growing economy, the government said Tuesday.
The Ministry of Knowledge Economy said it signed a memorandum of understanding
(MOU) with the municipal government of Moscow to establish four dedicated
industrial centers.
Serpuchov, Dmitrov, Zvenigorod and Ruza are all located within 100 kilometers of
the Russian capital and are designed to attract South Korean information
technology, auto parts, textile, machinery, food processing and logistics
companies. Located 99 kilometers south of the capital city, the centers will
together cover 309 hectares, with Serpuchov being the largest at 119 hectares.
The MOU signed on the sidelines of South Korean President Lee Myung-bak's visit
to Russia was proposed by the Moscow municipal authority.
"Because all the sites are near Moscow, companies that invest may be at an
advantage when they move to increase their business operations in Russia," a
ministry official said.
He added that Moscow authorities will help build basic infrastructure like
electricity, gas, water and transportation, s well as help attract related
institutions including banks, consulting firms, security and customs offices.
In addition to the four industrial parks, the two countries agreed to help South
Korean companies play an active role in Russia's plan to develop Siberia and its
Far Eastern region.
A Korea development support center has been opened at Vladivostok to help local
companies win bids for business projects in the region, according to the
ministry.
Russia announced last year that it will inject US$24 billion into the development
of East Siberia and the Far East as part of its national balanced growth policy.
The move opens opportunities for South Korean companies because it calls for the
building of new roads, bridges, ports and other social overhead capital
infrastructure.
Meanwhile, the ministry, which is responsible for industry-related research and
development (R&D), said a pact signed with the Russian Academy of Sciences is
expected to facilitate two-way cooperation that can help local companies and
laboratories.
Under the pact, Seoul wants to transform more than 100 key technologies developed
by the Russian academy into commercially viable products and components by 2012.
It said a special panel to review the technologies will be set up to help
technology transfers and conduct joint research.
Russia possesses cutting-edge technologies in such fields as jet engines,
satellites, lasers, radars, plasma and next-generation energy fields.
yonngong@yna.co.kr
(END)
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The Ministry of Knowledge Economy said it signed a memorandum of understanding
(MOU) with the municipal government of Moscow to establish four dedicated
industrial centers.
Serpuchov, Dmitrov, Zvenigorod and Ruza are all located within 100 kilometers of
the Russian capital and are designed to attract South Korean information
technology, auto parts, textile, machinery, food processing and logistics
companies. Located 99 kilometers south of the capital city, the centers will
together cover 309 hectares, with Serpuchov being the largest at 119 hectares.
The MOU signed on the sidelines of South Korean President Lee Myung-bak's visit
to Russia was proposed by the Moscow municipal authority.
"Because all the sites are near Moscow, companies that invest may be at an
advantage when they move to increase their business operations in Russia," a
ministry official said.
He added that Moscow authorities will help build basic infrastructure like
electricity, gas, water and transportation, s well as help attract related
institutions including banks, consulting firms, security and customs offices.
In addition to the four industrial parks, the two countries agreed to help South
Korean companies play an active role in Russia's plan to develop Siberia and its
Far Eastern region.
A Korea development support center has been opened at Vladivostok to help local
companies win bids for business projects in the region, according to the
ministry.
Russia announced last year that it will inject US$24 billion into the development
of East Siberia and the Far East as part of its national balanced growth policy.
The move opens opportunities for South Korean companies because it calls for the
building of new roads, bridges, ports and other social overhead capital
infrastructure.
Meanwhile, the ministry, which is responsible for industry-related research and
development (R&D), said a pact signed with the Russian Academy of Sciences is
expected to facilitate two-way cooperation that can help local companies and
laboratories.
Under the pact, Seoul wants to transform more than 100 key technologies developed
by the Russian academy into commercially viable products and components by 2012.
It said a special panel to review the technologies will be set up to help
technology transfers and conduct joint research.
Russia possesses cutting-edge technologies in such fields as jet engines,
satellites, lasers, radars, plasma and next-generation energy fields.
yonngong@yna.co.kr
(END)
Download this as a file
