Russia–South Korea relations up for a new trading ‘iron silk road’ project, trading route linking Asia and Europe by rail.
The ambitious scheme envisages an “Iron Silk Road” uniting the rail networks of South and North Korea and connecting them to Europe via the Trans-Siberian Railway.
Since the 1990s there has been greater trade and cooperation between the two nations. The total trade volume between South Korea and Russia in 2003 was 4.2 billion US dollars.
“This project, if accomplished, will help make a great contribution to the establishment of peace and stability on the Korean peninsula,” according to Yahoo report.
Russian Empire and Korea first established formal diplomatic relations in 1884, after which Russia exerted considerable political influence in Korea.