SPIEF session: Commodity and Tech Futures – Russia and the Asia Century

On 3 April 2013, the St. Petersburg International Economic Forum, with the support of the Federation of Korean Industries, held a session entitled ‘Commodity and Tech Futures – Russia and the Asia Century’ in Seoul (Republic of Korea). The event was attended by 160 delegates from political and business circles in Russia and Northeast Asian countries.

Taking part in discussions were Chan-Ho Park, Secretary General of the Federation of Korean Industries; Sergei Belyakov, Deputy Minister of Economic Development of the Russian Federation; Kyong-lim Choi, Deputy Minister for Trade, Ministry of Trade, Industry and Energy of the Republic of Korea; Artem Volynets, Chief Executive Officer, EN+ Group; Sang-Joo Lee, Vice President, STX Corporation; and Oh Kyun Shin, Vice President, Daewoo Shipbuilding & Marine Engineering. William Pesek, Asia-Pacific Columnist for Bloomberg News, moderated the session.

The session explored new Northeast Asian development models, opportunities to promote Russian resources in Asian markets, as well as ways for the Republic of Korea to unlock the resource potential of Siberia and develop industrial production in the Russian Far East. Particular attention was paid to Russia’s priorities for its G20 Presidency. The potential for the future expansion of trade and investment between Russia, the Republic of Korea, and other Northeast Asian countries was the main topic of the session.