South Korea and Kazakhstan have decided to strengthen cooperation in a total of 23 economic sectors, including automobiles, plants and resources.
The Ministry of Trade, Industry and Energy said on Aug. 17 that Minister of Trade, Industry and Energy Moon Sung-wook attended the “Korea-Kazakhstan Business Round Table” held at Lotte Hotel in Seoul on the day to discuss future economic cooperation with Kazakhstan leaders as a representative of the Korean government.
The event is the first state-invited businessmen's event to be held since COVID-19, and was organized in the wake of President Kassym Jomart Tokayev of Kazakhstan's state visit to Korea.
On the Kazakh side, 22 government leaders and businessmen, including President Tokayev and the chairman of the Samruk-Kazyna, the National Wealth Fund, participated in the event, whereas the Korean side was attended by 22 government officials and business leaders, including Minister Moon and Korea International Trade Association Chairman Koo Ja-yeol.
Following the event, the two countries signed 23 memorandum of understandings (MOUs) on economic cooperation, including those on plant cooperation such as automobile industry cooperation, joint response to overcoming COVID-19, and resource cooperation necessary for future industries such as nickel and cobalt.