Filed Under: Central Asia, Economy, Energy, Natural Resources, South Korea, Trade

As 97 percent of South Korean energy comes from imports, Central Asia is a very important area for developing and securing foreign energy resources. Among the countries in Central Asia, Kazakhstan has shown the highest tangible economic development results. Moreover, Kazakhstan, compared to other Central Asian countries, has the richest natural resources, a superior economy size, and a relatively stable political situation that could increase the speed of political modernization. Kazakhstan is also leading the region in terms of market reforms.

“Economic Cooperation between South Korea and Kazakhstan,” by Dr. Lee Jae-young, director of planning and research coordination at the Korea Institute for International Economic Policy, is the second paper in our South Korea – Central Asia series and examines the status South Korea-Kazakhstan economic relations and suggests basic policies to improve relations between the two countries.

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