The South Korean Government has established emergency contacts with the country’s business organisations in Russia amid Moscow’s military operation in Ukraine.
The government opened a special desk to provide the Korean exporters with counselling services, media reported on Thursday.
The South Korean authorities established hotlines with 120 companies, which are running their businesses in Russia, aiming to provide support amid worsening security situation.
In spite of the Korean exports to Russia being relatively low, the country’s government is concerned about an adverse impact of the current situation on the country’s economy.
“With the sudden changes in the security situation in Ukraine, we’ve seen no unusual moves or signs that could cause a major impact on the economy.
“We will be fully prepared for any contingencies,’’ the South Korean Ministry of Trade, Industry and Energy said.
South Korea has also taken pre-emptive measures at intensifying domestic productions and increasing cooperation with partner countries.
Earlier, Russia started a military operation in Ukraine in response to requests of the self-proclaimed republics Luhansk and Donetsk for assistance against the Ukrainian army.
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