Tokayev signs agreement to open KAIST branch in Alatau city
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Kazakh President Kassym-Jomart Tokayev announced that South Korea has invested over $12 billion in Kazakhstan's economy. He also said the two countries will sign an agreement today to open a branch of Korea's KAIST institute in Alatau city. The announcement came during talks on expanding trade and economic ties.
Key Facts
- South Korea has invested over $12 billion in Kazakhstan's economy to date.
- Kazakhstan and South Korea will sign an agreement today to open a KAIST branch in Alatau city.
- About 51,000 South Korean citizens visited Kazakhstan last year.
- President Tokayev said the two countries' positions on global sustainable development and security are common or similar.
Investment and Economic Ties
President Kassym-Jomart Tokayev said South Korea has invested more than $12 billion in Kazakhstan's economy to date. He noted that well-known Korean companies are successfully operating in the Kazakh market. Tokayev stated that Kazakhstan has created all conditions for these companies and will continue to do so in the future.
KAIST Branch Agreement
Tokayev announced that Kazakhstan and South Korea will sign an agreement today to open a branch of Korea's KAIST institute in Alatau city. He said this step will give a new impetus to deepening cooperation in education and science. The agreement is seen as expanding partnership beyond investment and economic ties into education and science.
Cultural and Humanitarian Exchange
Tokayev said cultural and humanitarian ties between the two countries are strengthening year by year. About 51,000 South Korean citizens visited Kazakhstan last year, which he attributed to the rapid development of direct air connections. Tokayev also praised the cooperation between Astana and Seoul on the international stage, saying their positions on global sustainable development and security are common or similar.
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