Martial Arts, Eurasian Expansion Foothold Kazakhstan and Economic Cooperation Seminar

[Asia Economy Reporter Kim Hyewon] The Korea International Trade Association announced on the 28th that it held the 'Korea-Kazakhstan Economic Cooperation Seminar' online on the 26th at the Trade Tower in Samseong-dong, Seoul.

Co-hosted with the Embassy of Kazakhstan in Korea and Astana Invest, the seminar introduced cases of Korean companies entering Kazakhstan's construction and smart farm markets, as well as the investment environment and incentives in the capital city Nur-Sultan (formerly Astana).

Kim Wontae, Deputy Manager of the smart farm company Narae Trend, shared the secret to their success, saying, "The Kazakhstan government is promoting the construction of smart farm complexes to improve the harsh agricultural environment. Thanks to participating in the local testbed project and building recognition, we were able to successfully enter the Kazakhstan market."

Jo Hakhee, Director of the International Business Division at the Trade Association, mentioned, "Cooperation, which was previously focused on construction and infrastructure, is recently expanding to finance, consumer goods, and smart farms. Recently, due to the Korean Wave, the popularity of Korean consumer goods such as food and cosmetics is increasing, creating a favorable environment for Korean companies."

Korea is one of Kazakhstan's top four trading partners and has maintained humanitarian cooperation in political, economic, and cultural fields since establishing diplomatic relations in 1992. Kazakhstan is located at a strategic hub in the Eurasian region connecting Europe, the Middle East, and Asia, making it a foothold for entering the Eurasian Economic Union (EAEU) market, which includes five countries: Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia.

This content was produced with the assistance of AI translation services.