Management of the South Korea’s largest harbor intends to cooperate with Kazakhstan. Korean entrepreneurs and the Kazakh Embassy representatives discussed economic cooperation matters at the meeting in Busan. It is the sixth largest container shipping seaport in the world. Last year, almost 19,500 containers were processed in Busan. Some of them were from Kazakhstan. Experts note that the transportation volumes from Kazakhstan started increasing since the launch of Kazakh-Chinese terminal in Lianyungang port three years ago.

KAN BU VON, VICE PRESIDENT, BUSAN PORT:

 - As part of cooperation between the port of Busan and Lianyungang, containers are shipped via Chinese railways. Our port is the third largest transit terminal after Singapore and Hong Kong, and we intend to increase the volumes.

 

South Korea exports electronics, car parts and plastics to Kazakhstan. The sea route transportation takes 33 days. Overland shipment through the Kazakh-Chinese terminal in the Chinese Lianyungang port is twice faster, but also more expensive. However, cargo containers sent to Kazakhstan go back almost empty, because Kazakhstan still doesn’t export much to South Korea. Transportation of goods in such containers is cheaper. Uzbek car manufacturers are using this opportunity and sending their cars through Kazakhstan’s territory to South Korea and further to the United Arab Emirates.

 

OLZHAS RAYEV, SPECIAL ADVISER ON INVESTMENT, EMBASSY OF KAZAKHSTAN IN SOUTH KOREA:

 - Kazakhstan's export potential is massive. We can even use the transit containers and stack them with Kazakhstani goods, so they do not go back empty. We discussed cooperation prospects with Aktau sea port and Khorgos gateway dry port. South Korea is considering conclusion of a partnership agreement.

 

KIM KWANG SEOK, SPOKESPERSON, LOGISTICS COMPANY:

 - Kazakhstan is a very important country in terms of cargo transportation to Europe. Overland shipment through Kazakhstan is faster than marine but still more expensive. We will transport cargo through your country’s territory if the tariffs are lowered and if the volume of cargo transportation from Kazakhstan to South Korea is increased.

 

At present, Kazakhstan and China are negotiating on the introduction of unified preferential railway tariffs. This should lead to a greater transit volumes of goods including South Korean ones through Kazakhstan’s territory.

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