Baiterek Holding Expands Cooperation with Korean Investors and Industrial Companies

From May 4 to 7, 2026, Managing Director of National Managing Holding Baiterek, Saken Olzhabayev, took part in the working visit of the Kazakh delegation to the South Korea. The visit was organized by the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan and aimed at strengthening investment, trade, and economic cooperation between Kazakhstan and South Korea.

The Kazakh delegation included representatives of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, Samruk-Kazyna, QazaqGaz, KEGOC, Kazakh Invest, QazTrade, as well as regional akimats and special economic zones of Kazakhstan.

As part of the business program, the Kazakh delegation held meetings with executives of major Korean industrial, infrastructure, and trading companies. In particular, negotiations were held with Doosan Enerbility, one of South Korea’s leading companies in energy and heavy engineering, international trading and logistics corporation LX International, automotive component manufacturers THN Corporation and Seyon E-Hwa, as well as YPP Corp. and BORNECO Systems, specializing in investment and technological solutions.

In addition, meetings were held with representatives of the Korea International Trade Association (KITA) and the Korea Importers Association (KOIMA), which unite the largest export-import companies in South Korea.

The parties discussed prospects for implementing joint investment projects, localization of production facilities, development of industrial cooperation, transport and logistics infrastructure, energy, and high-tech manufacturing in Kazakhstan.

Representatives of Baiterek Holding presented to Korean partners the opportunities for financial support of investment projects and the Holding’s key areas of activity.

The Korean side showed particular interest in support instruments for projects in manufacturing, infrastructure, the agro-industrial sector, and export-oriented production. Mechanisms for financing industrial projects and localizing production in Kazakhstan were also discussed.

Special attention was given to cooperation in the automotive industry. The Kazakh delegation visited Seyon E-Hwa, where they reviewed plans for a project to localize the production of automotive components in the Kostanay Region and discussed further prospects for cooperation.

During the visit, representatives of Baiterek Holding also met with leading financial institutions of South Korea, including Korea Overseas Infrastructure & Urban Development Corporation (KIND), Export-Import Bank of Korea (Korea Eximbank), BNK Financial Group, as well as other major financial and investment organizations. The parties discussed opportunities for attracting financing and Korean investments into infrastructure, industrial, and export-oriented projects in Kazakhstan.

Particular attention during the visit was also devoted to the “Alatau City” project aimed at creating a new center for economic growth, innovation, and modern urban development in the Almaty agglomeration. The Kazakh side presented the project’s investment and infrastructure potential, as well as opportunities for involving advanced Korean technologies and partners in the development of industry, high-tech manufacturing, and modern urban infrastructure.

On May 7, a roundtable discussion titled “Kazakhstan’s Investment Opportunities for Korean Business” was held in Seoul with the participation of representatives of government agencies, financial institutions, and business communities from both countries. During the event, Saken Olzhabayev delivered a presentation on the role of Baiterek Holding in diversifying Kazakhstan’s economy and attracting investment capital. Participants also discussed prospects for cooperation in industry, energy, infrastructure, the gas sector, and structured financing.

“The Republic of Korea is one of Kazakhstan’s strategically important partners in Asia. For Baiterek Holding, developing cooperation with Korean companies in industry, infrastructure, and technology is of particular importance. We see strong potential for establishing joint ventures and implementing investment projects using the Holding’s support instruments,” noted Saken Olzhabayev.

Baiterek Holding will continue its efforts to strengthen international cooperation and attract foreign investment for the implementation of strategic projects aimed at diversifying Kazakhstan’s economy and creating new growth opportunities.