Investment Opportunities with Kazakhstan in Critical Minerals Discussed in Seoul

Seoul, February 28, 2025 – A seminar titled “Investment Dialogue on Critical Minerals between Korea and Kazakhstan” was held in the capital of the Republic of Korea, organized with the support of the Korea Institute of Geoscience and Mineral Resources (KIGAM). The event brought together more than 30 participants, including leading Korean companies such as Hyundai Development Company, POSCO International, LX International, as well as renowned academic institutions, including Seoul National University and Pusan National University.

In his speech, Ambassador of the Republic of Kazakhstan, Nurgali Arystanov, emphasized the importance of expanding bilateral cooperation in the field of critical materials. He highlighted that Kazakhstan is ready to actively develop collaboration with the Republic of Korea in the exploration, extraction, and processing of lithium – one of the most in-demand and strategically important resources for high-tech industries and sustainable economic development.

KIGAM President Lee Pyeong-Koo urged Korean companies to increase their investments in Kazakhstan, noting the country’s vast potential for the development of critical minerals.

Daulet Saktaganov, a representative of Kazakh Invest NC JSC in Korea, informed seminar participants about the key investment opportunities and incentives that Kazakhstan offers to foreign investors.

During the event, the results of research on the Bakennoye lithium deposit in the East Kazakhstan region were also presented, sparking great interest among attendees and marking an important step toward attracting investment in the extraction and processing of critical minerals.

Following the seminar, Korean companies expressed their interest in deepening cooperation with Kazakhstan in the field of critical materials. The parties discussed the prospects for implementing joint projects aimed at developing and efficiently utilizing natural resources for the benefit of both countries.