Agreement signed at the Korea–Central Asia Business Summit… Joint working group to be launched Agreement concluded as a follow-up to the working-level meeting in Bishkek last June Training and seminars also planned for officials and staff of the National Investment Agency
On the 16th, at the Korea–Central Asia Business MOU Signing Ceremony held at the Westin Josun Seoul, Lee Sang-guk, CEO of BEATOZ Korea (first from left), and Ravshanbek Sabirov, Director of the National Investment Agency (third from left), pose for a commemorative photo. Photo courtesy of BEATOZ
BEATOZ announced on the 17th that it has signed a memorandum of understanding (MOU) with the National Investment Agency under the President of the Kyrgyz Republic for cooperation in digital infrastructure.
The signing ceremony took place on the 16th at the 1st Korea–Central Asia Business Summit held at the Westin Josun Seoul. Lee Sang-guk, CEO of BEATOZ Korea, and National Investment Agency Director Ravshanbek Sabirov signed the agreement in the presence of senior government officials from both countries.
Under this agreement, BEATOZ will seek cooperation with overseas government agencies based on its experience in building blockchain and digital asset management systems accumulated in the domestic financial and industrial sectors. In the domestic market, BEATOZ has been conducting business by combining its regulation-friendly hybrid blockchain with the CPG (Crypto Payment Gateway) jointly developed with Ringnet.
The Kyrgyz government has also designated digital transformation as a national priority. In a prior working-level meeting, Director Sabirov stated, “The development of digital technologies and innovative solutions is one of our key areas of activity,” expressing interest in economic modernization and expanding investment opportunities.
In line with the agreement, the two sides will establish a joint working group to discuss the identification of investment projects in the digital infrastructure sector. BEATOZ also plans to provide training and seminars for executives and employees of the National Investment Agency.
The agreement follows up on discussions held at a working-level meeting in Bishkek in June regarding the introduction of blockchain solutions and digital financial services.
CEO Lee Sang-guk said, “Kyrgyzstan is a market where digital transformation is being pursued at the national level, allowing participation in discussions on infrastructure design,” adding, “We will seek avenues for cooperation based on the experience accumulated in the domestic market.”
Choi Yong-seok
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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