President of S.Korea to visit Turkmenistan

President of S.Korea to visit Turkmenistan

Ashgabat, Turkmenistan, March 14

By Huseyn Hasanov – Trend:

President of South Korea Moon Jae-in will visit Turkmenistan in April 2019, Trend reports with reference to the Turkmen Foreign Ministry March 14.

This issue was discussed during political consultations held in Ashgabat with the participation of Deputy Minister for Political Affairs of South Korea Yoon Soon-gu. At the meeting the sides noted a high level of relations between the countries in the political, trade, economic, cultural and humanitarian spheres.

The South Korean side noted that the development of relations with Turkmenistan is one of the priorities of the foreign policy of the South Korean president, who intends to visit Turkmenistan in the coming month, the report said.

During the meeting, the draft documents supposed to be signed during this visit were reviewed.

At the meeting the parties also discussed the possibility of further developing the activities of South Korean companies in Turkmenistan, which are actively involved in projects for the construction and modernization of oil refining and gas chemical complexes in the country.

The sides noted the importance of the activities of the intergovernmental Turkmen-South Korean commission on trade, economic, scientific and technological cooperation, the last meeting of which was held at the beginning of the year.

It was earlier reported that Turkmenistan intends to expand cooperation with the Export-Import Bank of Korea and the Korea Trade Insurance Corporation in financing the projects to be implemented in Turkmenistan by South Korean companies.

Seoul hopes for partnership with Turkmenistan in such spheres as the development of gas fields, the creation of petrochemical and gas infrastructure.

LG and Hyundai together with Japanese TOYO have recently implemented a project worth $3.4 billion to build a complex for the production of polyethylene and polypropylene in Kiyanly settlement.

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