Kazakhstan, South Korea sign documents worth $640M
Baku, Azerbaijan, Nov. 11
By Elena Kosolapova – Trend:
Kazakhstan and South Korea signed 23 documents worth $640.2 million during a bilateral business forum held in Seoul, the Kazakh National Export and Investment Agency Kaznex Invest reported.
The forum, attended by 350 businessmen from the companies of both countries, was held on Nov. 10 during the visit of Kazakh President Nursultan Nazarbayev to South Korea.
The agreements were signed in the spheres of healthcare, information technologies, construction, finance, trade, tourism and others.
The major documents signed include a memorandum on establishment of a cluster of pharmaceutical and medical-biological plants Nefertem worth $350 million in Kazakhstan, a memorandum on cooperation between Korean SEOHA and Kazakh Investment and Development Ministry worth $150 million, as well as a memorandum on creation of the Kazakh-Korean Consortium to attract investment for the construction of a clinic worth $80 million, designed for 504 beds.
Today, 465 South Korean companies are operating in Kazakhstan in the spheres of production, trade and services, construction, agricultural and industrial complex, consulting and finance, subsoil use and exploration.
There are also 27 South Korean-Kazakh joint ventures that operate in chemicals industry, energy production, mechanical engineering, pharmaceutics, information and communication technologies, mining and metallurgical complex, infrastructure and light industry in Kazakhstan.
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