Ministry of Foreign Affairs Selects 'New Northern Youth Future Pioneers' to Lead New Northern Policy

Youth Business Idea Contest Implementation

[Asia Economy Reporter Lim Cheol-young] On the 11th, the Ministry of Foreign Affairs announced that it will select the 'New Northern Youth Future Pioneers' to support the dreams of young people who hope to pioneer new markets despite the difficult domestic and international situation caused by the novel coronavirus infection (COVID-19) and to realize the government's New Northern Policy.

The New Northern Youth Future Pioneers project aims to discover future growth engines in the Eurasian region with high growth potential through a contest for young people's creative business ideas, and to contribute to providing overseas expansion opportunities for the younger generation.

In 2018, it was piloted targeting the Russian Far East region, and this contest will be expanded to cover the entire territory of Russia in celebration of the 30th anniversary of Korea-Russia diplomatic relations.

This year marks the 30th anniversary of the establishment of diplomatic relations between Korea and Russia, and the governments of both countries have formed a preparatory committee for anniversary projects to prepare various commemorative events.

The contest fields do not limit specific areas in order to maximize young people's imagination and discover new cooperation fields with Russia, and participation is open to any youth interested in advancing into the Russian region. The contest period is from the 11th to the 10th of next month, and the final number of selected participants is around 25.

The selected participants will explore overseas expansion opportunities by concretizing their business plans through basic education related to Russian business and customized advisory guidance (mentoring) for each business idea.

An official from the Ministry of Foreign Affairs explained, "We plan to carry out the project while strictly adhering to government quarantine guidelines such as 'social distancing in daily life' to minimize the impact of COVID-19," and added, "This New Northern Youth Future Pioneers project is expected to establish a new cooperation foundation between Korea and Russia and contribute to expanding the base of Russia experts."

This content was produced with the assistance of AI translation services.