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Posted: Nov 01, 2011

RUSNANO and Daewoo Sign Memorandum of Understanding

(Nanowerk News) RUSNANO CEO Anatoly Chubais and Daewoo International Corporation CEO Dong Hee Lee have signed a memorandum of understanding. The memorandum provides a framework for a cooperation of RUSNANO and Daewoo in clean technology, biotechnology, smart technology, microelectronics, automotive components, IT, telecommunications and other nanotech-related areas. The memorandum was signed at the International Nanotechnology Forum RUSNANOTECH 2011 in Moscow. The event was attended by General Manager of Daewoo International Moscow Office Brian Kim, RUSNANO Managing Director Dmitry Pimkin and other senior managers of both companies.
Mr.Dong Hee Lee said: "Daewoo International Corp had been successfully developing numerous business by utilizing its global networks. Strategically, Russia is one of most important countries for Daewoo. We plan to expand our business through the close partnership with Rusnano to the benefit of both countries".
Anatoly Chubais stated: "Daewoo International plays a major role in the dynamic growth of Korean economy. This agreement will allow us to further develop our international business in the optoelectronics field. We have a whole list of projects to fulfill in the frame of this partnership".
Daewoo International Corporation, with its roots going back to 1967, has been serving a leading role in Korea's economic development through export enlargements. Daewoo International Corporation, which plays a significant role as a driving force for trading and overseas investments of Korea, is deploying a variety of businesses in diverse areas including international trading, project organizing, investments in manufacturing and production and developments of energy and mineral resources with approximately 6,000 customers by collecting and utilizing the optimum information using the global business networks. Since Daewoo International Corporation became one of the POSCO Family Members in September, 2010, Daewoo International Corporation will continue to serve its role as project leader for the multinational cooperation with worldwide connection. For more information, please visit
RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies.
Source: RUSNANO (press release)
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