Russia is interested in a peaceful settlement of the Korean issue, Russian Prime Minister Dmitry Medvedev said at a meeting with President of the Republic of Korea Mun Zhe In.

"Just like the Republic of Korea, we are certainly interested in having peace on the Korean peninsula," Medvedev said.

He noted that this is a fundamental position of Russia, which is defended in all instances.

Also, the Prime Minister of Russia stated that Russia is ready to cooperate with South Korea on a number of important directions and implementing the "nine bridges" initiative.

"The big initiative of the so-called" nine bridges "could significantly advance our cooperation in the most important areas," Medvedev said. "Our government is ready to realize these ideas, now to give them real dynamics."

Mun Zhe Ying told Medvedev that South Korea plans to fully support joint projects. "We will do our best to scale and parallel our cooperation in nine directions, the so-called" nine bridges ", including shipbuilding, infrastructure and the Northern Sea Route," said the President of South Korea.

Medvedev noted that South Korea is one of Russia's key partners in the Pacific region. He added that over the past nine months, trade between countries has increased significantly. According to the President of South Korea, trade turnover increased from January to September by 50%.

On the final day of his three-day visit to the Philippines, the Russian Prime Minister will participate in the 12th East Asian Summit in Manila, which will traditionally take place on the site of the ASEAN summit.