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News and events

28 may

Memorandum of Understanding Signed between Expobank and Korea Trade-Investment Promotion Agency (KOTRA)

Expobank signed the Memorandum of Understanding for Trade Agent Services with Korea Trade-Investment Promotion Agency (KOTRA). The MoU signing is aimed at development of trade and economic relations between Russia and South Korea and serves as important instrument of assistance in imports and exports of goods between the two countries.

According to the CEO of KOTRA Mr. Kim Jong Kyung, “We are looking forward to a fruitful and mutually beneficial cooperation. Expobank is known as a reliable partner with excellent expertise in foreign trade. Together we will introduce potential partners for Korean and Russian companies to expand trade volume between two countries”

CEO of Expobank Mr. Aleksey Sannikov said: “We are grateful to Mr. Kim and the КОТРА team for their trust. The Bank is planning to work with Korean companies and provide the required services.”

KOTRA, a noncommercial state-funded institution of the Republic of Korea, initially the Korea Trade Promotion Corporation, was founded on 21 June 1962. In August 1995, cross-border investment promotion and support for technological and industrial cooperation projects were added to KOTRA's mandate, and it was renamed the Korea Trade-Investment Promotion Agency. КОТРА was awarded by the International Trade Center of the World Trade Organization as the “Best trade and investment promotion agency.”