Mechel, one of the leading Russian mining and steel groups, has announced that it has established an official representative office in Seoul, capital of South Korea.
Mechel's new representative office in Seoul is intended to support the company's business in South Korea, to interact directly with South Korean partners, to promote new business contacts, and to assist in broadening Mechel's activities in South Korea.
"Mechel pays much attention to the broadening of its business geographically. The Asia-Pacific region, including South Korea, is one of the priority directions in Mechel's business development. Thus, in February 2009, during a visit to South Korea by a Russian governmental delegation, Mechel signed a long-term agreement with Hyundai Steel of South Korea for the provision of an annual supply of coking coal," reads the company's statement.
Mechel's new office in South Korea is the first Russian corporate representative office in the mining and metals industry in the country. Mechel also has representative offices in Romania and Bulgaria.