Oct 15, 2025
The
Alatau Rise With Kazakhstan Forum is taking place in Seoul, where Deputy Prime
Minister of the Republic of Kazakhstan Kanat Bozumbayev presented the project
of the new city of Alatau to potential investors and partners.
From
the Kazakh side, the forum was attended by members of the Alatau City
Development Council — Yuriy Tskhay, Chairman of Caspian Group, and Vyacheslav
Kim, the sole shareholder of the project’s investment partner, Alatau City
Bank.
As
part of the Roadshow, an official ceremony was held to sign memorandums of
understanding between government and business entities of Kazakhstan and the
Republic of Korea. The parties to the memorandums were: the Ministry of Energy
of the Republic of Kazakhstan and the Global Green Growth Institute (GGGI); the
Ministry of Transport of the Republic of Kazakhstan, Korea Airports Corporation
(KAC), and AAAG; the Akimat of Almaty Region and the company RETD.
A
memorandum of understanding was also signed between the Ministry of Science and
Higher Education of the Republic of Kazakhstan, the Korea Advanced Institute of
Science and Technology (KAIST), and Alatau City Bank on cooperation in the
creation and development of a new university in Kazakhstan.
Later,
during his working visit, Kanat Bozumbayev held talks with Member of the
National Assembly Park Hong-geun, Member of the National Assembly Maeng
Sung-kyu, Minister of Trade, Industry and Energy Kim Jung-kwan, Chairman of the
Korea International Trade Association (KITA) Yoon Jin-sik, and the leadership
of the Young Business Leaders Network.
The
parties noted that trade and economic relations between the two countries
continue to develop steadily. In 2024, the Republic of Korea ranked 10th among
Kazakhstan’s trading partners and 3rd in terms of investment volume in
Kazakhstan. The parties expressed their intention to deepen cooperation and
implement new joint initiatives that serve the interests of both countries.