South Korea and RUSSOFT set the stage for cooperation

31 May 2019

May, 30 RUSSOFT hosted the business delegation from South-Korea in the Oak Hall of the Eleseev’s Palace. During the meeting, RUSSOFT signed two cooperation agreements with KRBC and Kyounggi-do province.

This agreement of cooperation and partnership established the channel of interactions between RUSSOFT and Kyounggi-do province, which will allow creating a favourable business environment for international partnership in the field of information technologies.

According to the agreement signed by RUSSOFT and KRBC, both sides will contribute to international cooperation in the field of innovation IT products development.

Korean side mentioned a severe shortage of competent professionals, developing software of the high quality on account of fast-growing rates of production.

“It was a pleasure for me to meet Mr Makarov, a well-respected President of the RUSSOFT association, and discuss the bilateral cooperation between RUSSOFT and KRBC. As a result, we have signed a partnership agreement. Russia’s creative talents in the software development industry are acute for Korea and its development as an ICT and Industry 4.0 leader. KRBC and RUSSOFT now plan to create a Russian-Korean outsource platform for software development in Korea. The Centre of Russian innovations commercialization will activate the cooperation between Korean and Russian companies not only in the field of software development but also in building new business models, investments and trade communications” – says Johng Ho Park, the president of KRBC.

The members of the RUSSOFT Association presented their projects to the Korean delegation: Vadim Sabashny presented LANIT-TERCOM activities, Andrey Ulukov presented Radix technologies that process and storage data, Alexander Belokrylov showed Java-technologies from BellSoft Company, Lida Hse and Ilija Demko demonstrated Geoscan professional drone technologies, Sergy Nesmachny presented his company WiFly and Victor Subbotin described the development strategies for BETA Company. Roman Martynenko and Julia Vasilieva presented SoftAge company via video link.

The mutual interest in the international relationship development between Russian companies and other global market players is based on growing business globalization. RUSSOFT is counting on fruitful projects within South Korean agreements, which are investments to the Russian software developers, qualified personnel exchange programs and massive business missions to Kyonggi-do.

According to Valentin Makarov’s opinion, “From the geopolitical point of view, South Korea is a perfect partner for the Russian software industry. Korea shows a higher technology level than China, moreover, it has bigger investment potential, not engaged in global US trade conflict, and doesn’t support sanctions against Russia”. Partnership with Korea might allow Russia to balance the relationship with China and other countries of South-West Asia. So does Korea see Russia as the best partner in the field of IT, as Russian IT-industry does not claim to be a bigger part of the global electronics, still has world-class potential in software development.

Related news
The potential of the IT industry in the BRICS countries
Russia and India expand cooperation in IT sphere: results of RUSSOFT business mission
Export to Southeast Asia and Latin America - RUSSOFT at the forum "Russian Industrialist 2022"