The commission will work to further strengthen the bilateral partnership, identify investment projects to be implemented and enhance attraction of foreign investments and loans.

Turkmenistan attracted credits from the Export-Import Bank of Korea (KEXIM) and other international financial structures for implementation of a number of large investment projects with participation of leading South Korean companies, the Deputy Chairman of Turkmen Government in charge of economic and financial issues Hojamyrat Geldimyradov, announced in his report during the online cabinet meeting hosted by President Serdar Berdimuhamedov on Friday.

During the meeting, the Head of State signed a Resolution on the approval of the Turkmen side of the Intergovernmental Turkmen-Korean Commission on Trade-Economic, Scientific-Technological Cooperation, according to the official Turkmen media.

The commission will work to further strengthen the bilateral partnership, identify investment projects to be implemented and enhance attraction of foreign investments and loans.

Following the report, President Serdar Berdimuhamedov said Turkmenistan pays much attention to strengthening the traditional ties of friendship and fruitful cooperation with the Republic of Korea. The agreements reached at high-level meetings in recent years have taken the interstate dialogue to a new level, opening up real opportunities to expand mutually beneficial contacts in key areas, the Head of State added.

Rahymberdi Jepbarov, Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan (Vnesheconombank), recently announced that during the visit of a delegation led by Gurbanguly Berdimuhamedov, the Chairman of Halk Maslakhaty chamber of the Turkmenistan’s bicameral parliament Milli Gengesh to the Republic of Korea on November 27-29, the Turkmen side and major South Korean companies discussed and signed several agreements on the implementation of new investment projects in gas chemical complex of Turkmenistan.

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