BAKU, Azerbaijan, September 16. The Korea
International Trade Association (KITA) has pledged to support
further expansion of business ties between South Korean and Turkmen
companies.


This was stated by KITA Chairman Jin Sik Yoon at the
Turkmen-Korean high-level business forum in Seoul, according to the
Turkmen government press service.


Yoon noted that the two countries have developed cooperation in
energy, industry, construction, transport and infrastructure, while
interaction has expanded into shipbuilding, healthcare, digital
technologies and environmental protection.


The KITA chairman highlighted the role of the Korea-Turkmenistan
Business Council, established by KITA and the Chamber of Commerce
and Industry of Turkmenistan in 2019.


He said the council has since played an important role in
developing partnerships between the business communities of the two
countries.


Yoon also expressed confidence that combining the technological
capabilities and experience of South Korean companies with
Turkmenistan's natural resources and development potential would
create opportunities for further business cooperation.







He pledged that KITA would make every effort to further
strengthen ties between companies of the two countries.


Meanwhile, Turkmen President Serdar Berdimuhamedov is paying a
state visit to South Korea and taking part in the first Central
Asia-Republic of Korea Summit in Seoul on September 16-17. The
summit brings together the leaders of South Korea and the five
Central Asian countries - Kazakhstan, Turkmenistan, Uzbekistan,
Kyrgyzstan and Tajikistan - marking the first elevation of the
Korea-Central Asia dialogue to the leaders’ level. Seoul has said
the summit is intended to deepen regional cooperation and produce
practical results for the participating countries.


For Turkmenistan, the summit is taking place alongside a state
visit and bilateral negotiations with the South Korean leadership.
During South Korean President Yoon Suk Yeol's state visit to
Turkmenistan in June 2024, the two countries signed a memorandum
aimed at strengthening cooperation in areas including the economy
and investment, culture, education, communications and human
exchanges. Turkmenistan also expressed support for Seoul's K-Silk
Road initiative, which South Korea presented as its comprehensive
strategy for expanding cooperation with the five Central Asian
countries.


The current summit is therefore taking place against the
backdrop of an effort by Seoul to elevate its cooperation with
Central Asia to the leaders' level.