Kazakhstan, South Korea Forge Strategic Partnership with $19B Deals

Source: Akorda

Kazakhstan, South Korea Forge Strategic Partnership with $19B Deals

The presidents of Kazakhstan and South Korea held talks in a restricted format in Seoul, discussing the development of bilateral relations and prospects for strategic cooperation.

Kazakh President Kassym-Jomart Tokayev expressed sincere gratitude to President Lee Jae-myung for the invitation to visit Seoul, emphasizing that South Korea is a strategic partner of Kazakhstan, The Caspian Post reports, citing Akorda.

“Our peoples have long been bound by strong ties of friendship and mutual understanding, as well as close cultural and humanitarian relations. There are no contradictions or disagreements between our countries. Our goal is a comprehensive development of bilateral relations. Today, a high-level business forum was held with the participation of a large delegation of Kazakh business leaders. Promising projects are being implemented in various sectors, and our plans are quite ambitious. In particular, we discussed in detail the further development of the Alatau City project, which is of great importance to us. Provisions regarding the status of this city have been included in the Constitution. Korean companies will be provided with full legal guarantees. More than 120,000 ethnic Koreans live in Kazakhstan, and they are active members of our society,” the Kazakh president said.

Tokayev also spoke about Korean General Hong Beom-do, whose remains were returned to South Korea.

“I am well acquainted with the history of General Hong Beom-do. He is a true hero and patriot. It can be said with full confidence that preserving his memory is a manifestation of mutual wisdom. Even after more than a century, the Korean people have not forgotten their general. By honoring his memory and returning his remains to his homeland, we fulfilled our civic duty,” Tokayev noted.

The Kazakh president praised the current state of cooperation between the two countries and highlighted its future prospects.

“During this visit, commercial agreements worth $19 billion were signed. We are satisfied with our work with Korean investors and ready to continue cooperation. There are good plans for the construction of hotels, an oil refinery and urban development. Particular attention is paid to strengthening cultural and humanitarian ties,” the head of state said.

Lee Jae-myung warmly welcomed Tokayev, stressing the special significance of the Kazakh President’s visit to Seoul.

“We are thankful to you for your decision to return the remains of General Hong Beom-do, who played a special role in Korea’s history and in protecting the Korean people during difficult times. Korean citizens were warmly received in Kazakhstan, and we are deeply grateful to you and the Kazakh people for that,” Lee said.

The two leaders reaffirmed their readiness to cooperate on a long-term basis and provide each other with comprehensive support when necessary.

Following the talks, the presidents confirmed their determination to further strengthen the strategic partnership between Kazakhstan and the Republic of Korea.

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Kazakhstan, South Korea Forge Strategic Partnership with $19B Deals

The presidents of Kazakhstan and South Korea held talks in a restricted format in Seoul, discussing the development of bilateral relations and prospects for strategic cooperation.