President Of Kyrgyzstan Proposes Joint Investment Fund For Central Asia And South Korea
According to the press service of the President of Kyrgyzstan, the proposal was made on September 16 during the first Central Asia–Republic of Korea Summit in Seoul.
"In the economic sphere, he proposed establishing a Council of State Investment Institutions within the existing Consultative Mechanism of Industry Ministers, creating a unified portfolio of important projects, and establishing a joint investment fund to finance priority initiatives, localize production, and facilitate the entry of Korean businesses into Central Asian markets," the statement said.
Sadyr Japarov noted that the fund could be used to finance priority initiatives, support production localization, and facilitate the entry of Korean businesses into the markets of Central Asian countries.
The President also proposed establishing a Council of State Investment Institutions within the existing Consultative Mechanism of Industry Ministers and creating a unified portfolio of key projects.
Furthermore, Sadyr Japarov emphasized the need to translate the high level of political trust between Central Asia and South Korea into long-term economic and technological partnership.
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