The Memorandum was signed by Igor Vinogradov, First Vice President, Sukhoi Civil Aircraft Company (SCAC), and Cho Hwan-eik, President, Korea Trade-Investment Promotion Agency (KOTRA).

Under this memorandum KOTRA will assist SCAC in identifying Korean enterprises, who are considered by Sukhoi Civil Aircraft Company as potential participants in production cooperation on the Sukhoi Superjet 100 Programme. Should any parts production orders emerge, KOTRA will assist SCAC in relevant procedures. Besides, KOTRA intends to support Sukhoi Superjet 100's marketing and promotional efforts in South East Asia, including Korea.

"Actually, we consider Korean enterprises to be potential parts manufacturers for a number of systems in order to optimize our production flow. A strong reputation of Korean enterprises as reliable, cost efficient and quality-driven manufacturers of sophisticated, high-technology products played an important role", noted Igor Vinogradov, SCAC's First Vice President at the signing ceremony.

President Cho Hwan-eik expressed his hopes that, with the memorandum signed, Korean companies and SCAC could succeed in starting broader cooperation in advanced technology exchange, thus paving the way for further development of aircraft manufacturing in both countries and enriching the total economic cooperation between the Republic of Korea and Russia.