South Korea to hold Korean Products Fair in Moscow

South Korea's Ministry of Knowledge Economy and the state-run Korea Trade-Investment Promotion Agency (KOTRA) said Thursday that they will co-host a Korean products fair in Moscow this week, where more than 85 South Korean businesses will be represented.

The event, scheduled to be held from May 20 to 23, is the first of its kind since 2004, and South Korean businesses in information technology, machinery, health care and consumer products sector will display their products, including Samsung Electronics Co. and Hyundai Motor Co., the trade promotion agency said in a statement.

"Since the beginning of the global financial crisis in 2008, trade between South Korea and Russia saw massive declines. But South Korean businesses still believe Russia has great potential and long-term growth, as exemplified by their active participation in this fair," KOTRA said.

In particular, five of the leading South Korean hospitals will set up a separate pavilion aimed at attracting more patients to the country.

KOTRA opened a new trade center in Moscow Thursday to help support South Korean firms trying to win new construction projects in the country, it added.

Source:Xinhua