International cooperation
Iceland, South Korea agree on Arctic cooperation
© RIA Novosti. Alexey Filippov

Iceland, South Korea agree on Arctic cooperation

South Korea's President Park Geun-hye met with her Icelandic counterpart Olafur Ragnar Grimsson and agreed that both countries would strengthen Arctic cooperation and jointly expand navigation along the northern polar route, reports the RusKor information agency.

Currently, it takes ships sailing from South Korea 40 days to reach Europe via the Indian Ocean and the Suez Canal. The Arctic route will be ten days shorter and cut expenses.