“Kazakhstan Week” takes place in the Korean province Jeollabuk-do

“Kazakhstan Week” takes place in the Korean province Jeollabuk-do

Jeonju, December 5, 2023 – The economic forum “Wind of Kazakhstan” was held in the Korean province of Jeollabuk-do with the participation of representatives of the Akimat of the Almaty region, business and academic circles of the two countries. The event was hosted by the Jeollabuk-do Provincial Administration and the Province's International Cooperation Agency.

While delivering welcoming remarks, Ambassador of Kazakhstan Nurgali Arystanov said that Kazakhstan was interested in developing cooperation with the Jeollabuk-do province in areas such as agriculture, smart farms, digital trade, construction and technology transfer. Korean businessmen were presented with investment and tourism opportunities of Kazakhstan. It was emphasized that the Jeollabuk-do province had established productive cooperation with the Kyzylorda and Almaty regions, with which economic, cultural and humanitarian ties are expanding.

Governor of the Province Kim Kwan-young also expressed his readiness to deepen cooperation in the areas of mutual interest, noting the recent visit of a delegation from the province of Jeollabuk-do as part of the Korean Culture Days in Kazakhstan.

The event program includes visits to economic facilities as well as bilateral meetings of businessmen in the “B2B” format, during which potential joint projects were discussed.

It should be noted that trade and economic interaction between the two countries shows positive dynamics. In January-October 2023, the bilateral trade turnover amounted to $5.3 billion, as a result of which Korea continues to remain the 4th largest trading partner of Kazakhstan. During January-June 2023, $717 million of Korean direct investment was attracted, exhibiting a 30% increase compared to the same period in 2022. Thus, South Korea remains the 6th largest investor of the Republic of Kazakhstan.