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South Korea, Kazakhstan Deepen Strategic Ties Through Nuclear, Minerals Deal
(MENAFN) South Korea and Kazakhstan agreed Tuesday to strengthen their strategic partnership, signing a memorandum of understanding on the peaceful use of nuclear energy while seeking broader cooperation in critical minerals, artificial intelligence and other key industries.
South Korean President Lee Jae Myung met Kazakh President Kassym-Jomart Tokayev at the Blue House in Seoul during Tokayev’s state visit, with the discussions focused on expanding economic and technological cooperation between the two countries.
The two sides concluded a total of 13 agreements and memorandums of understanding covering several areas of bilateral cooperation. Lee and Tokayev also agreed to upgrade relations to a future-oriented comprehensive strategic partnership.
The expanded partnership is expected to cover energy, science and technology, infrastructure and cultural cooperation, alongside emerging strategic sectors that could support long-term economic growth.
Kazakhstan is seeking to attract additional investment and advanced technological expertise from South Korea to help develop its extensive mineral resources. The country possesses materials considered important for high-tech manufacturing and international supply chains, making cooperation on critical minerals a key element of the bilateral agenda.
For Seoul, stronger ties with Kazakhstan could help diversify access to critical minerals and energy supplies at a time when disruptions and uncertainty in global trade are increasing pressure on supply chains.
"Kazakhstan is rich in energy and resources and holds great potential in advanced future-oriented industries, making it a key partner for Korea's economic security," Lee said. "We also believe Korea can help advance Kazakhstan's industrial technology through cutting-edge manufacturing and digital technology."
Tokayev’s visit comes just ahead of the inaugural South Korea-Central Asia Summit, scheduled to take place in Seoul on Wednesday. The meeting will bring together Lee and the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.
The summit is expected to place particular emphasis on trade, investment, energy, critical minerals and supply-chain resilience as South Korea seeks to strengthen its economic partnerships with the resource-rich countries of Central Asia.
South Korean President Lee Jae Myung met Kazakh President Kassym-Jomart Tokayev at the Blue House in Seoul during Tokayev’s state visit, with the discussions focused on expanding economic and technological cooperation between the two countries.
The two sides concluded a total of 13 agreements and memorandums of understanding covering several areas of bilateral cooperation. Lee and Tokayev also agreed to upgrade relations to a future-oriented comprehensive strategic partnership.
The expanded partnership is expected to cover energy, science and technology, infrastructure and cultural cooperation, alongside emerging strategic sectors that could support long-term economic growth.
Kazakhstan is seeking to attract additional investment and advanced technological expertise from South Korea to help develop its extensive mineral resources. The country possesses materials considered important for high-tech manufacturing and international supply chains, making cooperation on critical minerals a key element of the bilateral agenda.
For Seoul, stronger ties with Kazakhstan could help diversify access to critical minerals and energy supplies at a time when disruptions and uncertainty in global trade are increasing pressure on supply chains.
"Kazakhstan is rich in energy and resources and holds great potential in advanced future-oriented industries, making it a key partner for Korea's economic security," Lee said. "We also believe Korea can help advance Kazakhstan's industrial technology through cutting-edge manufacturing and digital technology."
Tokayev’s visit comes just ahead of the inaugural South Korea-Central Asia Summit, scheduled to take place in Seoul on Wednesday. The meeting will bring together Lee and the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.
The summit is expected to place particular emphasis on trade, investment, energy, critical minerals and supply-chain resilience as South Korea seeks to strengthen its economic partnerships with the resource-rich countries of Central Asia.
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