Kyrgyzstan, S Korea to continue active dialogue aimed at further developing investment cooperation

Bishkek, Apr. 26, 2019 / Kabar /. Kyrgyz Deputy Prime Minister Zhenish Razakov met with Chairman of the Korea International Contractors Association, Lee Kun-Ki, as well as representatives of major Korean companies.
During the meeting, the priorities and prospects for joint investment cooperation were discussed, the Kyrgyz Government’s press service reported.
The deputy prime minister emphasized that the Republic of Korea is an important trade and investment partner of Kyrgyzstan in the Asia-Pacific region.
Razakov stressed that the government is taking certain measures to improve conditions for foreign investors, a legal framework has been formed in the country that provides the necessary guarantees and privileges to foreign investors, an open economy, a liberal trade and currency regime.
"For Kyrgyzstan, economic and investment cooperation between our countries is very important. Therefore, the Kyrgyz side hopes to strengthen cooperation in this area, as well as support your association in attracting Korean companies to Kyrgyzstan," he said.
The deputy prime minister said that the development potential of trade and economic relations between the countries is not fully disclosed at present, and therefore Kyrgyzstan is interested in the presence of Korean business in the development of cities and regions, hydropower, mining, industry, transport, and construction of hotel complexes and tourist facilities, etc.
Chairman of the International Contractors Association of Korea, Lee Kun-Ki, in turn, noted positive changes in improving the investment climate in Kyrgyzstan.
He stressed that the development of bilateral trade and economic relations between the countries has a great prospect, in connection with which Korean companies are exploring priority areas for investment.
Lee Koon-Ki also added that the participation of the delegation of Kyrgyzstan in the World Conference on Infrastructure Cooperation, which will be held this year in Seoul, will help promote the country's investment potential.
Following the meeting, the sides expressed mutual readiness to continue an active dialogue aimed at further developing investment cooperation between the countries.