South Korea and Kazakhstan Explore Trade and Economic Expansion


On Monday, South Korea’s Trade Minister Ahn Duk-geun and Kazakhstan’s Ambassador to South Korea, Nurgali Arystanov, met in Seoul to discuss ways to strengthen their bilateral trade and economic ties. The Ministry of Trade, Industry and Energy reported that the two nations discussed the possibility of signing a Trade and Investment Promotion Framework (TIPF) and other methods to increase trade and economic relations. Additionally, they agreed to collaborate on the supply chains of major minerals and infrastructure projects.

According to government data, the two countries achieved an all-time high of $6.53 billion in trade last year.

This photo, provided by South Korea's trade ministry, shows Trade Minister Ahn Duk-geun (R) holding a meeting with Kazakhstan's ambassador to South Korea, Nurgali Arystanov, in Seoul on Aug. 14, 2023. (PHOTO NOT FOR SALE) (Yonhap)

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