Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

South Korea inks agreement to promote climate technology cooperation

South Korea inks agreement to promote climate technology cooperation

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.

In addition to the bilateral business agreement, GTC-K is
expected to participate in a large-scale consulting project that involves
setting future development plans for IGTIC. The consulting project will lay the
foundation for the Eurasia Climate Cooperation Framework that includes
countries such as Denmark, as well as address the localisation of flare gas
reprocessing in oil fields where South Korean small-and-medium enterprises have
a stake in.

“Korea, a developed country in Climate Technology in
Northeast Asia and Kazakhstan, a partner in Central Asia, contributes to the
international community through climate technology cooperation that responds to
global climate change”, said Mr Rapil Zhoshybayev, president of the
International Center for Green Technology and investment. He further added that
the business agreement will also expand bilateral economic cooperation beyond
the current scope with the conclusion of the business agreement.

By establishing a basis for bilateral cooperation on
climate technology projects and policies, IGTIC seeks to tap into Kazakhstan’s
vast potential in renewable energies such as wind, hydro, biomass and
geothermal energy via the transfer of Korean technological and policy
expertise.  Expanding the country’s
energy portfolio and gradually reducing dependence on coal and natural gas, the
bilateral business agreement is key in reaffirming
Astana’s commitment to green and sustainable energy, as reiterated by
Kazakhstan’s President Nursultan Nazarbayev at the United Nations General
Assembly in 2015.
The push towards a more diversified energy portfolio is
a crucial step towards President Nazarbayev’s target of entering Kazakhstan
among the world’s top 30 most developed economies by 2050.

The recent business agreement between South Korea’s GTC-K
and  Kazakhstan’s IFTIC reinforces
long-standing bilateral cooperation between the two countries. In 2012, Both
countries undertook a $4
billion USD joint power plant project in Kazakhstan
and expanded bilateral
copperation in energy, plant technology and atomic power. Under the Lee Myung
Bak and Nazarbayev administrations, South Korea and Kazakhstan had sought to
further bilateral cooperation in science, technology, healthcare and maritime
shipping; the recently concluded agreement effectively expands the scope of
bilateral cooperation to encompass climate technology projects and policy.

Prior to this business agreement, South Korea and
Kazakhstan have also discussed potential
opportunities in bilateral infrastructure and logistics development,
digitisation and security cooperation at a joint press briefing in April 2018.
 

“South Korea is a long-term strategic partner
of Kazakhstan, with thousands of investors already operating successful
projects in the country”, said IGTIC Chairman Rapil Zhoshybayev. 

“In renewable
energy and circular economy, Korea can help Kazakhstan by sharing its
knowledge, expertise and investment capabilities.” 

As of 2017, there are
approximately more than 200 Korean companies operating within Kazakhstan, with
South Korea’s trade turnover with Kazakhstan increasing 150 times since the two
countries formalised diplomatic relations in 1992.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend