• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12653.48
    • RUB159.75
    • EUR14871.64
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +36°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Kazakhstan

    Kazakhstan and South Korea boost partnership with $188.9mn projects and 2,700 new jobs

    Kazakhstan and South Korea boost partnership with $188.9mn projects and 2,700 new jobs

    The strategic partnership and high level of cooperation between Kazakhstan and South Korea have led to the successful completion of seven projects totaling $188.9mn in Kazakhstan, generating over 2,700 new jobs, the Ministry of Industry and Construction of Kazakhstan reported.

    Photo: The 10th Kazakh-Korean Intergovernmental Commission meeting highlights strong trade and cooperation
    Source: Ministry of Industry and Construction of Kazakhstan

     

    Kazakhstan and South Korea continue to foster robust trade, economic, scientific, and technical cooperation, as evidenced by the recent 10th meeting of the Kazakh-Korean Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation chaired by Minister of Industry and Construction Kanat Sharlapaev on May 23.

    Minister Sharlapaev highlighted the progress in economic ties, particularly in industrial cooperation. Currently, 15 joint investment projects valued at $854.4mn are underway, contributing to the creation of over 4,700 jobs. These projects encompass the production of buses, trucks, and elevators, signaling the diversification and growth of Kazakhstan's industrial landscape.

    Mechanical engineering and mining and metallurgical industries emerge as key areas of collaboration. In 2023, Kazakhstan's electrical engineering industry recorded a product output volume of $8.4bn, with the participation of renowned Korean companies such as Daewoo Bus Global Corporation, Hyundai, KIA, and Youngsan Glonet Corporation. 

    Photo: A new joint venture in ferroalloy production strengthens economic ties between Kazakhstan and Korea
    Source: Ministry of Industry and Construction of Kazakhstan

     

    Additionally, Kazakhstan exported 34,100 tons of ferroalloys worth $55.4mn to Korea in 2023, underscoring the mutual benefits derived from trade relations. A joint venture for ferroalloy production between Mineral Product International and SIMPAC Group in the Pavlodar region is in the pipeline, further enhancing bilateral economic ties.

    Minister Sharlapaev expressed optimism regarding the future prospects of cooperation with Korea across all sectors. He emphasized the importance of constructive dialogue to address bilateral priorities effectively.

    Furthermore, the development of the electric power system was highlighted during the meeting, with Kazakhstan expressing its readiness to collaborate with Korean firms in the energy sector.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    24.05.2024, 12:50   Comments (0)   1928
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Kazakhstan and South Korea sign agreement to increase flight frequency 

    23.03.2024, 23:06

    Forestry collaboration between Kazakhstan and South Korea intensifies in Seoul 

    24.03.2024, 11:12

    Kazakhstan, South Korea ink MoU for Woosong University branch in Turkestan 

    04.04.2024, 12:00

    Japan-Kazakhstan partnership sees $7.8bn investment  

    24.05.2024, 09:30

    “The situation in Afghanistan deserves close attention,” Kazakhstan's president at SCO summit 

    23.05.2024, 17:10

    Kazakhstan and Singapore set sights on $2bn trade mark

    23.05.2024, 13:45
    ×Lightbox Image
     

    Recommended

    Heatwaves could kill thousands annually across Central Asia by 2090, World Bank warns

    17 July, 12:10

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    9 July, 15:42

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12
     
     
     

    Latest news

    Uzbekistan, China sign MoU to strengthen banking supervision and regulatory cooperation

    Uzbekistan | 27 July, 15:38

    Uzbekistan Airports handle 7.1mn passengers in 1H25

    Uzbekistan | 27 July, 13:32

    Global electric vehicle sales hit 9.1mn in 1H25 as China drives market growth

    World | 27 July, 11:00

    Uzbekistan professor bridges cultures and fosters innovation at University of Missouri

    Uzbekistan | 26 July, 16:00

    Uzbekistan uses over half of its land for agriculture, Cadastral agency reports

    Uzbekistan | 26 July, 13:35

    Uzbekistan’s poverty rate falls to 6.8% with 2.1 pp drop in 1H25

    Uzbekistan | 26 July, 11:01

    Uzbekistan advances social protection reform with results-based planning and budgeting workshop

    Uzbekistan | 25 July, 17:28

    Afghanistan, Pakistan sign preferential trade agreement to cut tariffs on key agricultural exports

    Afghanistan | 25 July, 15:00
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.