Source: Kazakhstan and South Korea Expand Investment Cooperation

A Kazakh delegation headed by Ardak Zebeshev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, paid a working visit to the Republic of Korea and held a series of meetings with major companies, government institutions, and business associations.

The discussions focused on expanding trade and economic cooperation, attracting Korean investment and advanced technologies, and implementing joint projects in priority sectors of Kazakhstan’s economy.

At a meeting with Lee Sang-jun, Vice President for International Cooperation at the Korea International Trade Association (KITA), the parties discussed measures to support investment projects by Korean companies in Kazakhstan in industry, artificial intelligence, green energy, and electric vehicle manufacturing.

With the Korea Overseas Infrastructure & Urban Development Corporation (KIND), the parties identified potential areas of cooperation in the development of Alatau City, the Middle Corridor, and transport and logistics infrastructure.

With YPP Corporation, discussions covered a green energy project involving the production of green hydrogen and ammonia.

Meetings with Hyundai Engineering and LX International addressed projects in infrastructure, energy and petrochemicals, critical minerals, logistics, and high technologies.

Particular attention was given to attracting Korean companies to the development of industrial and special economic zones.

Following the visit, the parties reaffirmed their interest in further expanding investment cooperation and implementing joint projects in priority sectors of Kazakhstan’s economy.

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