Kazakhstan holding investment week in South Korea

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ASTANA (TCA) — Negotiations have been held between Kazakhstan’s delegation headed by the Vice-Minister for Investments and Development Arystan Kabikenov and the largest South Korean companies on the activation of bilateral economic cooperation in Seoul, the Kazakh Invest national company for investment support and promotion reported on April 17.

The Kazakh delegation includes the Deputy Akim (Governor) of Kostanay oblast Meirzhan Myrzaliyev, the Head of Kazakhstan Center for Public-Private Partnerships JSC Azamat Oynarov, the Deputy Chairman of the Board of the national company Kazakh Invest Rustam Issatayev, representatives of the National Welfare Fund Samruk-Kazyna, KTZh-Express NC JSC, and KazAgro JSC.

On April 17, members of the Kazakh delegation discussed cooperation with the Deputy Chairman of the Association of Energy and Mineral Resources of Korea Sang Woon Han.

“Recently, we have been very actively cooperating with the Embassy of Kazakhstan and KazGeology JSC. We hope that as a result of this work our companies will find interesting projects in the mining sector of Kazakhstan,” Sang Woon Han said.

During the visit to Korea, a dialogue was also held on the exchange of experience in the management and legislative regulation of special economic sectors, and on cooperation in the fields of logistics, green economy and other promising areas.

In addition, on the first day of the Kazakh investment week in Seoul, meetings were held with the management of the largest Korean TNCs: Noroo Kiban, Highvill and POSCO ICT.

The company Noroo Kiban is interested in investing in projects of the agricultural sector, the chemical industry using the latest information and communication technologies. So, at the meeting the Deputy Akim of Kostanay oblast Meirzhan Myrzaliyev suggested to consider the possibility of investing in regional projects.

At the meeting with the first Vice-President of POSCO ICT, Lee Chan Bok, the parties discussed the possibilities of investing in IT infrastructure, automation, and Smart City projects in Kazakhstan.

More meetings with South Korean companies and a business forum are planned within the framework of the Kazakh investment week in Seoul.

Sergey Kwan

TCA