Headline changed and number of agreements specified (the first version was posted at 15:27)
Kazakhstan, Astana, Aug.25 / Trend, A. Maratov /
Nine agreements, but not eight as was reported earlier, will be signed between Kazakhstan and South Korea within the Kazakh-Korean business forum, Kazakh Deputy Prime Minister
Asset Issekeshev said.
"After signing the agreements South Korea will become number one investor in Kazakhstan within the process of industrialization of the country," Issekeshev said at a business forum on Thursday.
Kazakh Information and New Technologies Ministry announced its intention to sign eight documents of economic nature at the business forum.
South Korean delegation headed by President
Lee Myung-bak ended the visit to Kazakhstan with the South Korean and Kazakh businessmen's meeting.
The forum will bring together about 300 representatives of business circles of both countries, 200 of whom will be participants from Kazakhstan, a reference material disseminated prior to the forum says. The Korean delegation includes heads of major South Korean companies such as Samsung C&T Corporation, Korea National Oil Corporation, Hyundai Corporation and others.
In 2010 bilateral trade turnover volume reached $542.1 million. Gross inflow of direct investment from Korea to Kazakhstan amounted to $4 billion from 1993 to the first quarter 2011.