BAKU, Azerbaijan, September 15. Kazakhstan's
joint project portfolio with South Korea includes 51 projects worth
more than $4 billion in the automotive, machinery, metallurgy and
other sectors, Kazakh President Kassym-Jomart Tokayev said at the
opening of the Kazakh-Korean roundtable.
This was announced in a statement published the press service of
the Kazakh president.
“The experience of Korean companies has convincingly proven that
Kazakhstan is a competitive and reliable production platform. In
2025, about 170,000 vehicles were produced in the country, a
national record. A significant share of this volume, including
passenger and commercial vehicles and buses, was produced by
Hyundai and Kia,” Tokayev said.
He noted that production of Korean consumer electronics is also
growing in Kazakhstan, adding that Samsung household appliances are
currently manufactured at local plants.
“Our goal is to create a fully integrated industrial ecosystem
covering localized components, advanced materials, electrical
equipment and electronics, with a focus on serving the broader
Eurasian market. I invite Korean companies to take advantage of
these opportunities and expand their production in Kazakhstan,” the
president said.
Furthermore, Tokayev highlighted construction and urban
development as promising areas of bilateral cooperation.
“Your country has world-class expertise in construction,
engineering and infrastructure development. Korean companies are
known for implementing complex projects quickly, with high quality
and using advanced technologies. Kazakhstan is currently entering
an important stage of infrastructure development. We intend to
significantly accelerate the pace of construction across the
country, from transport and utilities to housing construction and
social infrastructure. I consider this one of the key priorities of
my work as president,” he said.
He said Kazakhstan plans to turn the country into “one large
construction site,” with particular attention to hospitals,
children's rehabilitation centers, multifunctional medical centers,
modern schools, sports facilities and transport infrastructure.
“This opens up significant opportunities for Korean
corporations. We count on their active participation in large-scale
projects across Kazakhstan. Our government will prepare a specific
list of such infrastructure projects aimed at creating new mutually
beneficial enterprises and promoting investment initiatives,”
Tokayev said.
Tokayev also said Kazakhstan is closely following South Korea's
new industrial strategy, including initiatives such as the Three
Mega Projects and the Seven Major SEED initiative.
