According to Yonhap News,

On July 16th, the Korea Trade-Investment Promotion Agency (KOTRA) announced that it held a strategy meeting for expanding trade and investment in the Commonwealth of Independent States (CIS) region in Almaty, Kazakhstan.

At the meeting, chaired by President Kang Kyung-sung, participants, including the heads of 10 KOTRA's trade offices from 7 CIS countries, focused on discussing ways to support Korean companies' expansion into the CIS region.

Specifically, participants discussed strategies for expanding the Korean business success model into Central Asia, entering untapped markets such as three Caucasus countries including Georgia, Armenia, and Azerbaijan, and ways to enhance economic cooperation between Korea and Russia.

President Kang stated, "The CIS region is a valuable export foothold, but geopolitical risks have limited expansion opportunities. We will focus all our efforts on creating stable business opportunities in this strategically important region, which is crucial for export market diversification."


dkkim@yna.co.kr
Source Text

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source: Yonhap News (July 16, 2025)

** This article was translated from Korean.