Hosted by the Astana International Financial Centre (AIFC), the event brought together diplomats, business experts, and representatives from around 50 companies here seeking to strengthen bilateral ties with the Central Asian country.
Through panel discussions and presentations, the event highlighted how the AIFC helps and supports them in making inroads into this "peaceful country with its active multi-vector foreign policy, dynamic economy, and vibrant civil society."
Kazakh Ambassador to Seoul Nurgali Arystanov said, "As of 2024, South Korea is among Kazakhstan's top 10 trading partners and also its third-largest investor," adding that there are already around 800 joint ventures in partnership with South Korean companies including Hyundai, Kia, POSCO and Samsung.
Citing many successfully implemented projects between the two countries, he further elaborated, "Kazakhstan accounts for 75 percent of all foreign investments in Central Asia. Over the past 20 years, the gross inflow of direct investments from [South] Korea to Kazakhstan amounted to about $10.8 billion."
He also emphasized Kazakhstan's geographical advantage in doing business. "The shortest routes from Europe to Central Asia, China, and Southeast Asia pass through our country," he said. "I hope today's event will encourage further engagement with Kazakhstan."
Currently, more than 3,900 companies from over 80 countries including South Korea, are affiliated with the AIFC, which plays a key role in attracting investors and assisting with legal and regulatory matters.
As its role continues to grow, the AIFC has established itself as a leading business hub in Eastern Europe and Central Asia, contributing to Kazakhstan's economic growth.
Copyright ⓒ Aju Press All rights reserved.
View more comments