Kazakhstan, South Korea prepare 25 new investment projects

Kazakhstan, South Korea prepare 25 new investment projects

Kazakhstan and South Korea are jointly implementing five investment projects worth $1.5 billion. This was discussed during a meeting between Kazakh Prime Minister Alikhan Smailov and South Korea's Trade Minister Ahn Duk-geun. The parties also noted that an additional 25 promising projects worth $500 million are currently in the development phase. As an example, Smailov highlighted the construction of a new KIA car plant. He also added that the Kazakh government will continue to create all necessary conditions for investors to work comfortably in the country. It is noteworthy that South Korea is among the TOP 10 largest investors in Kazakhstan’s economy, with more than $9 billion invested in the country over the past 18 years.