Open / Close Advertisement

Mechel Receives Russia-Korea Business Award

Mechel recently won the Russia-Korea Business Awards’ Best Corporation nomination at a ceremony in Seoul. The company has strong partnership ties with South Korean consumers of its products, particularly coking coal, including major companies such as Posco and Hyundai Steel. Posco is Mechel’s strategic partner in joint projects in the steel, mining, and infrastructure industries. Since August 2009, Mechel’s official representative office is working in Seoul.

Russia-Korea Business Awards were organized by the Russian Federation’s Trade Representative in the Republic of Korea and the Republic of Korea’s Ministry of Knowledge Economy, as well as leading Korean foreign economic organizations — Korea International Trade Organization (KITA), Korea Importers Association (KOIMA), Korea Chamber of Commerce and Industry (KCCI), and Federation of Korean Industries (FKI). The award ceremony is held annually to strengthen the dialogue between Russian and Korean business communities.

The ceremony was attended by Russian Federation’s Deputy Minister for Economic Development Igor Manylov, the Republic of Korea’s Deputy Minister for Knowledge Economy Moon Chai Do, Russian Federation’s Plenipotentiary Ambassador in the Republic of Korea Konstantin Vnukov, Russian Federation’s Trade Representative in the Republic of Korea Mikhail Bondarenko, Vice-President of Korea Chamber of Commerce and Industry Lee Dong Geun, Vice-President of Federation of Korean Industries Ahn Heun Ho and other officials, as well as representatives of Russian and Korean business circles.

“Mechel’s winning the Best Corporation award shows that the projects we implement together with our South Korean partners not only strengthen trade and economic ties, but create a solid and lasting basis of trust and mutual understanding between our two countries,” Mechel OAO’s representative in South Korea Evgeniya Mudrova noted as she received the Russia-Korea Business Award on the company’s behalf.


Mechel
is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. The company unites producers of coal, iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products, hardware, heat and electric power. Its products are marketed domestically and internationally.