The bilateral agreement solidifies years of close economic relations between the two countries, and further expands the scope of bilateral cooperation to include climate technology projects and transfer of expertise.
On 17 May 2018, South Korea’s Green Technology Center (GTC - K) and Kazakhstan’s International Center for Green Technology and Investment (IGTIC) inked a business agreement that called for stronger bilateral cooperation on climate technology projects and policies.
According to a press release from South Korea’s Ministry of Science and ICT, the agreement is part of South Korea’s efforts to address the global nature of climate change and need for stronger bilateral and multilateral cooperation on the issue.
Both the GTC-K and IGTIC are public institutions focusing on driving the green economy. Founded in 2013, the GTC-K focuses on both research and development in as well as fostering stronger international cooperation on climate technology; Established upon the basis of the 2017 Astana Expo, the IGTIC seeks to drive international partnerships in green economy development .
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