The
Korea International Trade Association (Chairman: Christopher Koo) held an online
Korea - Kazakhstan Business Forum on July 15 to discover new areas of economic
cooperation between the two countries as this year marks the establishment of
diplomatic ties between the two countries.
Kazakhstan
has large reserves of energy resources, including petroleum, natural gas and
uranium, and is rich in minerals, including iron ore, chrome, zinc and
especially rare-earth metals - a source that is increasingly becoming an
element affecting economic security. As the country experienced the Covid
pandemic recently, Kazakhstan is implementing policies to boost the production
of home-made pharmaceutical products. This is a promising sign for Korean
companies armed with world-class competitiveness in the field of biomedical and
the pharmaceutical sectors to engage in cooperation with Kazakhstan.
Today’s
online forum was represented by Samruk-Kazyna Kazakh Invest - the National Wealth
Fund of Kazakhstan, Tau-Ken Samruk - a company specializing in mineral research
and mine development and Samruk-Kazyna Pharmacy - a sole institution dedicated
to distributing pharmaceutical and medical equipment from Kazakhstan. From the
Korean side, the Korea Institute of Geoscience and Mineral Resources, Korea
Health Industry Development Institute and professors from the Department of
Eurasian Studies at Kookmin University participated in the forum and discussed
possible avenues for cooperation in the biomedical and pharmaceutical sectors
and the prospects of such cooperation.
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