13 Jun 2024 10:37

S. Korean companies plan series of projects in Kazakhstan - Tokayev

ASTANA. June 13 (Interfax) - South Korean companies plan to implement several new projects in Kazakhstan, among them a factory manufacturing household appliances and a biopharmaceutical facility, Kazakh President Kassym-Jomart Tokayev said.

"The Doosan Enerbility company is currently building a combined-cycle gas turbine power plant in Turkestan. Samsung Electronics plans to start manufacturing household appliances in our country. We fully support this initiative. GL Ralpha intends to build a biopharmaceutical facility in Astana," Tokayev said at a press briefing during South Korean President Yoon Suk Yeol's state visit to Astana on Wednesday.

"President Yoon Suk Yeol and I have agreed to bolster our multifaceted cooperation, primarily in areas such as infrastructure and production development, finances, energy, environment protection, automobile and airspace industry, IT, and digitalization," he said.

South Korean investments in Kazakhstan amounted to $9.6 billion before 2023, and over 700 companies with Korean investments are operating in the country, among them Samsung, Hyundai, Kia, Lotte, Doosan, Posco, and others, Tokayev said.