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Korea - Kazakhstan Business Online Forum
2022-07-15 hit 231
Korea - Kazakhstan Business Online Forum
Korea - Kazakhstan Business Online Forum
Korea - Kazakhstan Business Online Forum

The Korea International Trade Association (Chairman: Christopher Koo) held an online Korea - Kazakhstan Business Forum on July 15 to discover new areas of economic cooperation between the two countries as this year marks the establishment of diplomatic ties between the two countries.


Kazakhstan has large reserves of energy resources, including petroleum, natural gas and uranium, and is rich in minerals, including iron ore, chrome, zinc and especially rare-earth metals - a source that is increasingly becoming an element affecting economic security. As the country experienced the Covid pandemic recently, Kazakhstan is implementing policies to boost the production of home-made pharmaceutical products. This is a promising sign for Korean companies armed with world-class competitiveness in the field of biomedical and the pharmaceutical sectors to engage in cooperation with Kazakhstan.


Today’s online forum was represented by Samruk-Kazyna Kazakh Invest - the National Wealth Fund of Kazakhstan, Tau-Ken Samruk - a company specializing in mineral research and mine development and Samruk-Kazyna Pharmacy - a sole institution dedicated to distributing pharmaceutical and medical equipment from Kazakhstan. From the Korean side, the Korea Institute of Geoscience and Mineral Resources, Korea Health Industry Development Institute and professors from the Department of Eurasian Studies at Kookmin University participated in the forum and discussed possible avenues for cooperation in the biomedical and pharmaceutical sectors and the prospects of such cooperation.
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