“Kazakh Invest” will hold a meeting with Korean businessmen

In February, Astana will host a meeting with investors from South Korea, working in Kazakhstan. Topical issues of improving the business environment in Kazakhstan will be held on this event.

This was agreed by the Chairman of the Board of “Kazakh Invest” Saparbek Tuyakbayev and the Ambassador of the Republic of Korea in Kazakhstan Kim Dae-sik during the meeting in Astana.

In addition, with the purpose of enhancing investment cooperation between the countries in Seoul in spring, the Kazakh-Korean Business Council will be held. “Kazakh Invest” will present priority investment projects, as well as support instruments in accordance with the adopted National Investment Strategy of Kazakhstan, including legislative support measures and administrative support from the side of national company.

In turn, the Embassy of the Republic of Korea in Kazakhstan will assist in inviting to the Business Council meeting perspective South Korean companies interested in investing in the country, said Ambassador Kim Dae-sik.

During the meeting, Saparbek Tuyakbayev and Kim Dae-sik discussed the joint implementation of projects in the field of petrochemistry, medicine, agriculture, etc.

One of the potential joint projects is the construction of an integrated gas chemical complex in the Atyrau oblast. The interest in this project was expressed by “Hanwha Total Petrochemical” company, which manages a large-scale power and petrochemical plant, consisted of 18 separate factories in South Korea and has 52 branches abroad..

Reference: Korea is on the list of 11 priority countries for Kazakhstan in order to attract investment. The inflow of foreign direct investment from Korea to Kazakhstan from 2005 to the first half of 2017 amounted to USD 4,570.7 million.