(13 Nov 2013) Russian President Vladimir Putin and South Korean President Park Geun-hye attended the closing ceremony of the 3rd South Korea-Russia Dialogue on Wednesday in Seoul.
During closing remarks, both sides emphasised the close cooperation between the two countries and the promotion of joint economic projects like the Rajin-Khasan railway.
The two sides signed the Memorandum of Understanding (MOU) earlier in the day, agreeing in principle that South Korean companies can participate in the Russia-led rail and port development project in North Korea.
The agreement could help ease tensions between South Korea and North Korea if the North agrees to the move.
It would also be the first step towards achieving South Korean President Park's "Eurasia Initiative" project she suggested earlier this year.
The project hopes to connect Eurasian countries together by linking roads and railways from the southern South Korean port city of Busan to Europe through North Korea, Russia and China.
Putin also attended a statue unveiling ceremony in honour of the great Russian writer Alexander Pushkin, known as the Father of Russian Literature.
"Such a symbolic event as the unveiling of the Pushkin statue is a sign of a new level of cooperation between the two nations (Russia and South Korea)," said Putin.
The Russian Writers Association helped promote the project to place a statute of the writer in Seoul.
The association wanted the statue positioned near the South Korea-Russia Dialogue office inside Seoul's Korea University, but as that location is not public, the Lotte Hotel provided the space instead.
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