With increasing demand for resources worldwide, Korea has been negotiating with resource-holding countries to achieve conservation of energy resources. Among them, Russia is the third largest resource-producing and exporting nation in the world and has several resource materials such as nickel, platinum group metals, gold, and other reserves. As a result, there is growing interest in cooperation between Korea and Russia. The aim of this article is to summarize the current status of market flow of Russian energy resources as well as Russia’s economic cooperation with Korea. Notably, South Korea needs to focus on investing in overseas mines for a stable supply of rare metals. Nevertheless, securing rare metals is a major task by understanding the flow and policy direction of Russian material mines.