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Measures that Affect Export Relationships between Russia and South Korea

Student: Yana Milashina

Supervisor: Iya Churakova

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Management (Bachelor)

Year of Graduation: 2020

The present paper presents a study of the historical development of trade between Russia and South Korea. The analysis conducted in this study focuses on identifying export development problems and providing recommendations for private companies and governments to increase exports from South Korea to Russia and to improve trade relations in general. Also, the paper provides an analysis of promising business niches for future export developments. The research question of the study is, "What measures can firms and governments take to develop exports with South Korea?" The question of the study concerns the measures that South Korean firms and governments of both countries can take to develop their exports to Russia. Concerning practical implementation, the research document will increase awareness of trade relations between South Korea and Russia, in particular, about the main export trends and potential improvements. The main problems of export development will be considered for many years. The results will allow us to learn about the measures that companies and governments can take to make trade more transparent and increase the volume of imported products. Exploratory research uses quality data. The decision to use qualitative analysis was made because it is more open to handle a wide range of evidence and identify new problems. The research strategy for this paper will be a case study, in particular, an interview. The type of interview was chosen to be an expert interview: non-random and voluntary. In accordance with the identified relationships, recommendations, and suggestions were made so that participants in questionnaire companies could improve their trade relations with the South Korean firms under consideration. In conclusion, the study achieved its goals. The authors also believe that the results may have some theoretical and practical value. Statistical results of the study may be useful for exporting companies, small and medium-sized businesses and start-up companies, future experts in trade policy, export and customs policy. Paper consists of forty-one sources, and seven appendices, are introduced. The whole number of pages is fifty-five.

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