BAKU, Azerbaijan, September 16. The Korea Trade-Investment Promotion Agency (KOTRA) plans to open a representative office in Kyrgyzstan.
According to the press service of the President of Kyrgyzstan, Speaker of the National Assembly of the Republic of Korea Cho Jung-sik said this during a meeting with President of Kyrgyzstan Sadyr Japarov in Seoul.
"He noted that, in order to support Korean companies operating in Kyrgyzstan, the opening of a KOTRA (Korea Trade-Investment Promotion Agency) representative office is planned," the statement said.
The opening of the KOTRA representative office is aimed at supporting Korean companies operating in Kyrgyzstan and further developing trade and economic cooperation between the two countries.
Cho Jung-sik also noted the growth in bilateral trade turnover and emphasized the importance of further expanding economic ties.
Meanwhile, Kyrgyzstan and the Republic of Korea have been developing cooperation in trade, investment, infrastructure, technology and other areas. The two countries have also been discussing opportunities to expand business ties and facilitate greater interaction between their private sectors. The planned KOTRA representative office could provide an institutional platform for supporting Korean businesses in the Kyrgyz market and facilitating contacts between companies from the two countries.
The planned expansion of KOTRA’s presence could contribute to greater visibility of investment and business opportunities in Kyrgyzstan for Korean companies. In practical terms, the agency’s local presence could facilitate market information exchange, business matching and support for companies seeking to establish or expand operations in the country.
