World South Korea and Russia launch $500m fund to boost economic ties- FT

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South Korea and Russia will on Wednesday announce a $500m joint fund to stimulate trade and investment links between the two countries, as Vladimir Putin arrives for a one-day visit to Seoul.

The fund, to be financed and administered jointly by the Russian Direct Investment Fund (RDIF) and the Korea Investment Corporation, is part of efforts to triple the flow of direct investment between the two countries over the next two years, said Kirill Dmitriev, chief executive of the RDIF.

Source: ft.com

see more at http://www.ft.com/cms/s/0/eae169ba-4c01-11e3-8203-00144feabdc0.html#axzz2kVCGDAzR

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