Baiterek Holding Presents New Investment Model in Seoul

Baiterek Holding presented its new investment model at the State-Owned Enterprises (SOE) Global Conference, held from April 27 to 30, 2026, in Seoul, Republic of Korea.

Ussen Galym, Deputy Chairman of the Management Board of Baiterek Holding, participated in the event, which was organized with the involvement of the World Bank, the Government of the Republic of Korea, and leading international financial institutions. The conference brought together representatives of international organizations, state-owned enterprises, national holdings, and experts from Europe, Asia, and Africa. Discussions focused on SOE reform, improving corporate governance, and attracting investment.

Ussen Galym spoke during the session “Building Effective SOE Boards and Leadership,” which addressed international approaches to board effectiveness and governance systems.

In his remarks, he outlined the transformation of Baiterek into a strategic investor and presented the key elements of its new investment model. He noted that the Holding is building a unified investment ecosystem aimed at attracting capital and supporting priority sectors of the economy.

“The Holding’s transformation is focused on establishing a full-fledged investment platform capable of selecting and supporting large-scale projects at all stages—from structuring to attracting international capital. The key priorities are the quality of investment decisions, transparency of processes, and integration into global capital markets,” he stated.

The presentation also covered Baiterek’s approach to strengthening corporate governance, including the introduction of independent directors, the development of board committees, and regular external performance evaluations.

As part of the visit, the delegation visited the KDI Global Knowledge Exchange and Development Center to review Korea’s experience in economic development and the role of state-owned enterprises in industrialization and structural transformation.

On the sidelines of the conference, Baiterek also studied the practices of state-owned and holding companies from China, Brazil, Vietnam, Azerbaijan, and other countries in improving management efficiency and attracting investment.

Participation in the conference provided an opportunity to present Kazakhstan’s approach to SOE reform to the international community and to discuss prospects for expanding cooperation with global investors and financial institutions.