KOTRA Hosts Korea-Kazakhstan Business Partnership Consultation Meeting

[Asia Economy Reporter Suyeon Woo] KOTRA announced on the 19th that it will hold the 'Korea-Kazakhstan Business Partnership Consultation' online for ten days starting from the 17th of this month. This event was organized to support the entry of our small and medium-sized enterprises and mid-sized companies into promising industries in Kazakhstan.

The consultation will feature 22 domestic companies in fields such as smart farms, consumer goods, environment (water industry), and renewable energy, along with 20 Kazakhstani companies, conducting one-on-one online consultations.

Located at a strategic point on the Eurasian continent, Kazakhstan is the largest oil-producing country in Central Asia and leads the region's growth based on abundant resources and a young workforce (60% of the population under 35). It is also South Korea's largest trading and investment partner in Central Asia and a key partner in the New Northern Policy.

KOTRA will hold the 'Korea-Kazakhstan Business Partnership Consultation' online for ten days starting from the 17th of this month. Domestic participating companies are conducting online consultations with Kazakhstan buyers. Photo by KOTRA

On June 29, KOTRA jointly held the 'Korea-Kazakhstan Economic Cooperation Webinar' with the Embassy of Kazakhstan in Korea and Kazakh Invest, Kazakhstan's investment promotion agency, introducing promising sectors for market entry in Kazakhstan.

Dusenbayev, the Ambassador of Kazakhstan to Korea and a speaker at the webinar, stated, "Recently, the Kazakhstani government has shown great interest in Korean smart farm technology and eco-friendly technology development," indicating a high potential for Korean companies to enter the local market.

On that day, a representative from Kazakh Invest identified agriculture, information and communication, and renewable energy as promising sectors for Korean local market entry. They also highlighted Kazakhstan's investment attractiveness by mentioning its vast land ranked 9th in the world, its position as a hub in the Eurasian transport and logistics network, and its proximity to a consumer market of over 180 million people in the Eurasian Economic Union (EAEU).

The consultation starting on the 17th of this month is expected to serve as an important opportunity to assess local responses to Korean companies' entry into promising Kazakhstani markets and to expand cooperation, as a follow-up to the webinar.

Yoo Jung-yeol, President of KOTRA, emphasized, "There are many fields where Korea's outstanding industrial technology meets Kazakhstan's demand," adding, "Now is the right time to expand business opportunities in promising sectors such as agriculture and information and communication."

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