The study focuses on patterns and recent condition of the increasing Russian ODI since 2000, and Korea’s investment promotion policy toward Russia and its achievements. The study is conducted with many methods including document research, statistical analysis, survey on Russian businesses and experts interviews. Theoretical and statistical analyses on Russian ODI is presented. The study also attempts to demonstrate the main features of Russian overseas direct investment. Motivations and strategies of Russian ODI are analyzed. Korea’s current foreign direct investment and its major features are reviewed. In the last chapter, attractive sectors for Russian investors and measures for increasing Russia’s investment to Korea are suggested.