Ashgabat Hosts Central Asia-South Korea Young Entrepreneurs Business Forum

Ashgabat Hosts Central Asia-South Korea Young Entrepreneurs Business Forum
Central Asia-South Korea business forum of young entrepreneurs, November 1, 2023, Ashgabat, Turkmenistan

The Turkmenistan Chamber of Commerce and Industry in Ashgabat hosted a business forum for young entrepreneurs from Central Asia and South Korea on Wednesday. The forum was part of the 16th Central Asia+South Korea Cooperation Forum, highlighting the ongoing collaboration between the two regions.

The business forum of young entrepreneurs from Central Asian countries and South Korea placed a significant emphasis on expanding and developing business relations between the participating nations. The forum also highlighted the importance of state support for young entrepreneurs, focusing on attracting investments for mutually beneficial projects. Additionally, the forum aimed to foster cooperation in trade, economic, and other priority areas of collaboration among the participating countries.

During his speech, Mergen Gurdov, Chairman of the Chamber of Commerce and Industry of Turkmenistan, highlighted the forum's objective of establishing a supportive platform for young entrepreneurs. He emphasized that the forum aimed to facilitate discussions on state support and the promotion of entrepreneurship. Additionally, the event aimed to foster knowledge sharing in digital startups, encourage the development of startup incubators, and provide resources such as venture funds to support the launch of innovative businesses. Another focus was to attract international organizations to contribute their expertise and facilitate the transfer of knowledge and skills in youth entrepreneurship development, as well as innovation in the green economy, both within the region and beyond.

Representatives of government agencies, chambers of commerce and industry, and young entrepreneurs from the participating countries- Turkmenistan, Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan- also addressed the forum. 

The event discussed measures to support young entrepreneurs, issues of investment cooperation, financial resources and activities of venture funds. Special attention was given to introducing innovations in strategic development directions based on the principles of green economy.

The Chamber of Commerce and Industry of Turkmenistan, the Union of Industrialists and Entrepreneurs of Turkmenistan, the Makhtumkuli Youth Organization, and the Party of Industrialists and Entrepreneurs of Turkmenistan jointly organized the forum. The 16th Central Asia-Republic of Korea Cooperation Forum is scheduled from November 1 to November 2. Several significant events are planned as part of the forum, including the Central Asia-Korea Young Entrepreneurs Business Forum, the 5th meeting of the Turkmen-Korean Business Council, and the 4th meeting of the Central Asia-Republic of Korea Business Council. 

 The forum will address crucial matters in transport and logistics, medicine and healthcare, cooperation in information and communication technologies and other aspects of business activities.