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Kazakhstan, South Korea Set Ambitious Goals For Joint Industrial Projects
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, August 7. Kazakhstan's
Minister of Industry and Construction, Yersain Nagaspayev, met with
Cho Tae-ick, Ambassador Extraordinary and Plenipotentiary of the
Republic of Korea to Kazakhstan, to discuss industrial cooperation
and the implementation of new joint initiatives, Trend reports via the
Ministry of Industry and Construction of the Republic of
Kazakhstan.
During the meeting, the parties discussed in detail the current
state and prospects for the development of bilateral cooperation in
the fields of industry and construction.
Special attention was given to the dynamic development of
industrial cooperation between Kazakhstan and the Republic of
Korea, including cooperation in the field of mechanical
engineering. One of the key projects in this area is the
construction of the KIA car factory in the city of Kostanay.
The parties considered the possibility of timing the next meeting
of the Intergovernmental Commission on Trade, Economic, and
Scientific-Technical Cooperation to coincide with the opening of
the car factory, planned for November of this year.
By the end of 2024, the volume of Kazakh-Korean trade amounted to $3.1 billion, thanks to which South Korea is among Kazakhstan's top 10 largest trading partners.
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