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, 2014-11-21  KST

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Korean, Kazakh leaders discuss economic ties in summit
Updated: 2014-06-19 13:59:47 KST

The leaders of Korea and Kazakhstan have agreed to take their economic ties up a notch by expanding joint projects beyond the Central Asian nation's energy sector.
During a summit meeting in Astana Thursday, President Park Geun-hye and her Kazakh counterpart Nursultan Nazarbayev checked up on three, previously signed projects that are worth 10 billion U.S. dollars.
Seoul asked for Astana's cooperation in speeding up initiatives on the construction of a coal thermal plant and petrochemical complex, along with mining projects off the Kazakh coast near the Caspian Sea.
Presidents Park and Nazarbayev agreed to sign a technology sharing deal that could offer Korean firms the chance to participate in Kazakh railway and transportation infrastructure construction in the future.
They also discussed working together in areas of medicine, forestry and visa waivers.
Trade volume between Korea and Kazakhstan reached 1.3 billion dollars last year.

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