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Expectations of South Korea - Kazakhstan Ties?

Discussion in 'World Politics' started by Kazakhstan Perspective, Dec 13, 2013.

  1. Kazakhstan Perspective

    Kazakhstan Perspective Member

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    I keep following recent updates from the Kazakhstan government, especially in terms of foreign affairs. Recently Kazakhstan has strengthened ties with South Korea. Why did it choose South Korea as a partner for closer cooperation and what can it bring to the country?

    The original statement is included for reference as to the questions of the current post:

    December 13, 2013



    Kazakhstan Strengthens Ties with South Korea


    Prime Minister SerikAkhmetov made a two-day official visit to South Korea on December 9-10, the latest in a long line of high level visits between the two countries since diplomatic relations were established in January 1992.


    In his opening talks with the Korean President, Park Geun-hye, the Prime Minister spoke about some of the major joint projects with which South Korea is involved in Kazakhstan, such as the Balkhash Thermal Power Plant; the chemical plant in Atyrau Region; and the development of the Zhambyl oilfield in the Caspian Sea.


    “I am convinced that these major projects not only give a significant boost to the economy of Kazakhstan,” MrAkhmetov said, “but they significantly strengthen the investment and technological cooperation between our countries.”


    For her part, President Park Geun-hye described Kazakhstan as, “one of Korea’s main partners in Eurasia” and said that Korea values highly the bilateral relationship and wants to deepen their links still further.


    Two decades of cooperation between Kazakhstan and South Korea have seen the countries share expertise in a wide variety of fields: politics, business and trade, culture, technology, legal affairs and military matters. Trade was the focus for this week’s discussions. The past two years have seen a significant increase in economic ties between the two countries. In 2012, bilateral trade passed the USD 1.25bn mark, which represented a 40% increase on 2011. In the first nine months alone of 2013, trade exceeded USD 1bn, a 6% increase on the same period in 2012.
     
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