Kazakh-South-Korean business forum to take place in Nur-Sultan
Entrepreneurs from South Korea plan to allocate up to US$75 million to implement joint with Kazakhstan business projects. The joint projects will be presented in an investment forum next month in Nur-Sultan. Foreign businesspeople plan to establish enterprises producing cloth, shoes, cosmetics, sugar and cheese on the territory of Kazakhstan. Projects for the production of elevators and the processing of solid waste into energy will be proposed. The forum will be attended by nearly 50 companies. South Korean entrepreneurs will bring samples of their products to Nur-Sultan.
“The smallest joint project is a cosmetic plant near the railway station in Nur-Sultan. It is important that if all these projects are implemented, they will be products Made in Kazakhstan using Korean technologies. Kazakh Government gives us great support. Legislation was created in English to support foreign companies. Other countries do not do that,” said Jeong Jin Young, Chairperson of the Central Asian Chamber of Commerce.
Among with entrepreneurs, cultural figures will also arrive in Kazakhstan, including opera and pop singer Gemma Kim and illusionist Kim Chung who entered in the Korean Guinness Book of Records.
“If Kazakhstan and South Korea will strengthen cultural exchange, it will also affect economic relations,” noted South Korean illusionist Kim Chung.