Kazakh-Korean Trade Turnover Amounted to US$2.7 within 6 Months of 2019
Kazakhstan will attract investments from South Korea to develop its infrastructure, IT technologies, agriculture and healthcare industries.
Projects in these areas will be implemented as part of the Fresh Wind program, which was signed by the Presidents of the two countries in April this year.
The investment announcement was made in Seoul during the meeting between the Heads of Ministry of Foreign Affairs of Kazakhstan and South Korea.
“Korea is the second largest partner for Kazakhstan in the Asian region. In 2018, the trade turnover amounted to US$4 billion. In 2019, the trade turnover amounted to US$2.7 billion within six months,” said Ministry of Foreign Affairs of Kazakhstan, Beibut Atamkulov.
Beibut Atamkulov and Kang Kyung-wha also held a discussion on the signing of a free trade agreement between South Korea and the EAEU countries.
Representatives of the Ministries of the two countries will meet again at a Kazakh-Korean intergovernmental commission at the end of this month.
The partners will discuss joint projects in 10 economic industries in Nur-Sultan.