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President Lee Myung-bak and his Russian counterpart Dmitry Medvedev met at the Kremlin on Monday afternoon to discuss expanding cooperation in political, diplomacy, defense and the economy.
In a statement released after their meeting, the two leaders said they agreed on South Korea's import of at least 7.5 million tons or 20 percent of its annual demand of Russian pipeline natural gas per year from 2015. While the two leaders were watching, representatives from the two countries' state-run corporations, Korea Gas Corporation and Gazprom, signed a memorandum of understanding on joint research about laying a pipeline from the Russian border area via North Korea.
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President Lee Myung-bak meets with his Russian counterpart Dmitry Medvedev at the Kremlin on Monday.
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The two leaders agreed to implement trilateral economic cooperation projects between two Koreas and Russia in connecting the Trans Korea Railway with the Trans Siberia Railway, including repairing the line between Rajin in North Korea and Khasan in Russia.
They agreed to help the Korea-Russian economic, scientific and technological joint committee expand cooperation in the energy sector, including developing a marine mining area in West Kamchatka and implementing energy projects among South Korea, Russia and a third country. The two leaders also agreed to promote cooperation for the joint development of far eastern Siberia and expand cooperation in space, including South Korea's development of small satellite launch vehicles.
On the back of the summit, agencies and businesses from the two countries signed a total of 26 agreements, including on short-term multiple visas, cooperation in mineral resources, and financial cooperation, as well as a memorandum of understanding on cooperation in nanotechnology.
(englishnews@chosun.com )
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