We will do our best to provide favorable climate for doing business in Kazakhstan for South Korean companies - President

As the Head of the State noted, the Government of Kazakhstan would improve business climate in the country.

"Today I have met with the heads of leading companies of South Korea. I invite also other enterprises to join industrial development program of Kazakhstan", N. Nazarbayev said.

According to Nazarbayev, today the business groups of Kazakhstan have entered into an agreement with POSCO South Korean Company on purchase of titanium in Kazakhstan. Besides, issue on construction of a polysilicon plant for development of solar energy in Kazakhstan was discussed.

"We spoke on new technologies being developed by Korea. We would like to work with you. Kazakhstan considers it important to build a venture on production of electric diodes. An agreement on assembly of Korean cars in Kazakhstan was concluded. Cooperation in agriculture is quite promising. All of these demonstrate great interest in establishment of cooperation. Huge work has been set to us", he said.