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"Kazakhstan’s modernization boon to Korean investors"

Ahead of the scheduled visit of Kazakh President Nursultan Nazarbayev to Korea this fall, Kazakh vice minister of investment and development came to Seoul in mid-October to smooth bilateral ties and promote commercial opportunities in his country.

Yerlan Khairov, the ministry’s No. 2 representative, had negotiations in Seoul with government officials, potential investors as well as companies that are operating in the Central Asian nation.

“Korea has always remained a priority partner for Kazakhstan in East Asia,” he told The Korea Herald. “Investment and technology transfer are important for our value-added industries, particularly the export priority sectors of ferrous and nonferrous metallurgy, oil refining, petrochemicals, agrochemicals, food processing, automotive and mechanical engineering.”

Firms investing in these sectors will enjoy a wide range of state support, he underscored, citing investment subsidies, favorable laws, tax incentives and industrial infrastructure.

Read more at The Korea Herald
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