Date of Signing: September 5, 2024.
Parties: Russian Animation Association and Korean Animation Industry Association (KAIA).
Main Areas of Cooperation: The purpose of the Memorandum is to develop the animation industry and cooperation between the countries. The parties agreed to strengthen interaction in the following areas: mutual exchange of animation works and cooperation of animation markets; exchange of the latest animation production technologies; joint promotion of animation in international markets and entry into new markets; mutual participation in animation festivals, exhibitions, and other cultural events to deepen mutual understanding. The parties will also exchange information, research data, and market analysis of animation.
Term of Validity: The Memorandum is valid for 5 years with the possibility of extension by mutual consent.