Krasova E.V., Grivanov R.I. RUSSIA AND REPUBLIC OF KOREA: REGIONAL ASPECT OF TRADE AND ECONOMIC COOPERATION

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2023. World Economy.

Krasova Elena V.

Cand. Sci. (Econ.), Associate Professor of the Department of Economics and Management, Associate Professor of the Department of International Relations and Law, Vladivostok State University, Vladivostok, Russia

Grivanov Roman I.

Cand. Sci. (Polit.), Head of the Department of International Relations and Law, Vladivostok State University, Vladivostok, Russia

RUSSIA AND REPUBLIC OF KOREA: REGIONAL ASPECT OF TRADE AND ECONOMIC COOPERATION

106-129

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Abstract

Trade and economic cooperation between Russia and the Republic of Korea (ROK) is a significant topic in the field of Russia's foreign economic relations. Given the low level of investment and unstable trends in bilateral trade, the ROK’s importance as an economic partner for Russian Far Eastern regions, including Primorsky Region, calls for closer attention to the bilateral cooperation problems at the regional level. The purpose of this research based on statistical data analysis is to reveal fundamental problems related to trade and economic cooperation between Russia and the ROK through the study of regional economic relations. The authors describe some trends in cooperation between the ROK and Primorsky Region observed since the 2010s and identify the main challenges it faces, namely politicized international relations and Koreans’ lowered expectations of return on investment due to the relatively low level of Primorsky Region’s economic development.

Keywords: trade and economic cooperation, Russian-Korean cooperation, Primorsky-Korean cooperation, foreign economic relations of Russia, foreign economic relations of Primorsky Region, foreign trade of Russia, foreign trade of Primorsky Region, economy of Primorsky Region.

JEL: F13, R11, O19.

EDN: RQHBEN

DOI: https://doi.org/10.52180/2073-6487_2023_1_106_129

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Manuscript submission date: 25.01.2023

For citation:

Krasova E.V., Grivanov R.I. Russia and Republic of Korea: regional aspect of trade and economic cooperation // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 1. Pp. 106-129. DOI: https://doi.org/10.52180/2073-6487_2023_1_106_129 EDN: RQHBEN

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