KAZNU RECTOR MEETS WITH SOUTH KOREAN INVESTORS

Chairman of the Board - Rector, Zhanseit Tuimebayev, met with representatives of investment structures of the Republic of Korea at Al–Farabi Kazakh National University. Mr. Tak Chongho, CEO of the consulting company representing the interests of the EDCF Foundation and coordinating bilateral cooperation between the two countries, arrived specifically to participate in the meeting.

During the meeting, Zhanseit Tuimebayev spoke about the scientific achievements of KazNU and noted the prospects for joint implementation of scientific and innovative projects at the university.

For his part, Director Tak provided a detailed overview of the current system and strategy of the EDCF fund and also outlined the fund’s medium-term objectives for 2025–2027. According to him, during this period it is planned to allocate KRW 14.1 trillion to finance projects in developing countries, with projects totaling KRW 4.6 trillion expected to be approved as early as 2025.

During the negotiations, mechanisms for supporting KazNU projects were discussed, as well as ways to attract funding for the modernization of the university's scientific infrastructure.

The Guest of Honor stressed that this process is not limited to consultations only, but will be accompanied up to the signing of relevant interstate agreements. In the future, it is possible to establish a strategic partnership between KazNU and Korean structures within the framework of the EDCF fund.

The meeting was also attended by the official representative of the EDCF Foundation in Kazakhstan, Claudia Pan, and an expert in the field of international business consulting, Vitaly Chiryasov.

For reference: EDCF (Fund for Cooperation in the Field of Economic Development) is a state program for international development established by the Government of the Republic of Korea in 1987. The purpose of the fund is to provide financial support to developing countries and strengthen economic partnership. The fund's operator is the Export-Import Bank of Korea (KEXIM).

Press-service of Al-Farabi Kazakh National University