On May 24, 2016 the Director of the Investment Promotion Agency under the Ministry of Economy of the Kyrgyz Republic, A.Orozbekov participated at the Investment Forum in Seoul, Korea. The event was organized by the Kyrgyz Embassy in Korea with support of the International Association of Contractors of South Korea. During the forum the Agency’s Director held a meeting with the President of the International Association of Contractors, Mr. Park Ki Pung. A.Orozbekov offered to Korean side to sign a Memorandum of cooperation which should be the next step of cooperation and the basis for further development of bilateral relations in terms of attracting investment. At the same time A. Orozbekov stressed the importance of diversification and improvement of the quality of investments, including transfer and adoption of new technologies.
In turn, Mr. Park Ki Pung, expressed readiness to develop cooperation and sign a Memorandum after agreeing terms by the Embassy of the Kyrgyz Republic in South Korea. Mr. Park also noted that Korean companies are known for their integrity and professionalism in the implementation of new technologies.
During the forum the Director of the Agency made a presentation on investment opportunities in the Kyrgyz Republic. The Agency also presented specific projects in energy, transport and transport infrastructure to the Korean companies. It is worth noting that more than 50 Korean companies participated in the forum.