As the Embassy of Korea in Ashgabat gathers diplomatic, business, and cultural partners to mark Korea’s National Day, the occasion offers a fitting moment to reflect on a partnership that has expanded rapidly across economic, technological, and socio-cultural spheres. Once grounded primarily in energy and infrastructure projects, the relationship between Turkmenistan and has … [Read more...]
Turkmenistan and South Korea Expand Economic Partnership: 17 Investment Projects Worth $12 Billion Underway, 14 New MOUs Signed
Turkmenistan is ready to create all necessary conditions and provide comprehensive support to the Korean business community in implementing promising joint projects across the country. Multi-billion-dollar initiatives involving Korean investment are already underway, with several more set to launch in the near future. This was highlighted in an address by President Serdar … [Read more...]
President of Turkmenistan Visits Seoul: High-Level Talks, Dozens of Signed Documents, Series of Meetings, and a New Academic Title
On September 15, high-level talks took place in Seoul between President of Turkmenistan Serdar Berdimuhamedov and President of the Republic of Korea Lee Jae Myung. The official program of the state visit covered key aspects of bilateral cooperation: the President of Turkmenistan held a series of meetings with the leadership of the Republic of Korea, the parties signed a … [Read more...]
South Korea and Turkmenistan Agree to Expand Economic Partnership, Sign Investment Protection Agreement and 13 Documents
Elvira Kadyrova South Korea and Turkmenistan signed an agreement on the promotion and protection of investments on Tuesday, 15 September 2026, aimed at providing additional safeguards for investors and expanding opportunities for Korean businesses in Turkmenistan. The agreement was signed in Seoul on the occasion of the first Korea-Central Asia Summit. South Korean … [Read more...]
Korean Technology and Turkmenistan’s Resource Potential: How the Industrial Partnership Is Evolving
The economic cooperation between Turkmenistan and the Republic of Korea is gradually expanding beyond individual large-scale industrial projects. Alongside the construction of industrial facilities, technology transfer, training for local specialists, modernization of production facilities, and localization are gaining increasing importance. A prime example of this new phase … [Read more...]
South Korean Ambassador Discusses Expanding Korean Companies’ Involvement in Industrial Projects in Turkmenbashi
On 26 August 2026, Ambassador of the Republic of Korea to Turkmenistan Lee Won-jae visited the Turkmenbashi Oil Processing Complex (TOPC), where he met with the complex's General Director, Dovran Chishiyev, toured the production facilities, and held meetings with representatives of South Korean companies. During the meeting, the two sides exchanged views on cooperation … [Read more...]
Exclusive Interview – Lee Won-jae, Ambassador of the Republic of Korea in Turkmenistan
Today, our series featuring heads of diplomatic missions in Turkmenistan continues with an exclusive interview with Lee Won-jae, Ambassador of the Republic of Korea in Turkmenistan. nCa: Ambassador Lee Won-jae, Welcome to Turkmenistan. --- With your rich and versatile experience and your remarkable achievements, I am sure you will elevate the Korea-Turkmenistan … [Read more...]
Turkmenistan’s Economy Diversifies with Growth in Key Sectors
Turkmenistan’s economy continues to demonstrate steady growth and development across several key sectors, including construction, oil and gas, shipbuilding, and the food industry. Based on recent reports in Turkmen media, significant achievements in production capacity, export potential, and the adoption of modern technologies are contributing to the diversification of the … [Read more...]
Korea and Turkmenistan: synergy of cooperation in the field of shipbuilding
A significant collaboration is underway between Turkmenistan and South Korea in the shipbuilding sector. The Balkan Shipbuilding and Repair Plant, located within the Turkmenbashi International Seaport, is working in tandem with the South Korean company “Koryo Shipbuilding Industry Technology Co. LLC” (KSIT) to design and construct two dry cargo vessels, each boasting a capacity … [Read more...]
Turkmenistan’s Shipbuilding Industry Takes Off: A South Korean Partnership
Turkmenistan is making significant strides in its shipbuilding industry. The Balkan Shipbuilding and Repair Plant, located within the Turkmenbashi International Seaport, has embarked on a joint venture with South Korea's Koryo Shipbuilding Industry Technology Co. Ltd. to construct two state-of-the-art dry bulk carriers. These vessels, each with a capacity of 6,100 tons, are … [Read more...]
Korea Boosts Turkmen Shipbuilding with Tech and Training
Shipbuilding has become one of the key areas of cooperation between Turkmenistan and the Republic of Korea. South Korea, in an effort to increase the competitiveness of Turkmen shipbuilding, is ready to provide access to its advanced technologies and know-how. Kang Nam Yong, head of the representative office in Russia and the CIS of the Korea Marine Equipment Association … [Read more...]
Shipyard certification and transfer of shipbuilding technologies – cooperation between South Korea and Turkmenistan is bearing fruits
The Balkan Shipbuilding and Ship repair Plant in Turkmenistan is preparing to receive ISO certificates with the support of Korean specialists, the Agency for Maritime and River Transport of Turkmenistan "Turkmendenizderyayollary" reports. In preparation for ISO 9001 (quality management), ISO 45001 (health and safety), and ISO 14001 (environmental management) certifications, … [Read more...]
Turkmen and Netherlands Shipbuilders Forge Partnerships for Dredger Technology and Production
Turkmenistan's shipbuilding industry has established a series of partnerships during a recent working visit by a delegation from the Balkan Shipbuilding and Ship Repair Plant to the Netherlands. Meetings were held with leading Dutch dredger manufacturers, including De Klop B.V., Dredge Yard B.V., Dredging Service Europe, and Royal IHC. During a meeting with shareholders … [Read more...]
Turkmen and South Korean Shipbuilders Forge Ahead with Joint Project
The Balkan Shipbuilding and Ship Repair Plant in Turkmenistan and South Korea's Koryo Shipbuilding Industry Technology Co., Ltd. (KSIT) have begun the practical implementation of their joint venture for building two 6,100-ton dry cargo vessels. The contract for this project was signed in September 2023. On 29 January 2024, representatives from KSIT and the Balkan shipyard … [Read more...]
Turkmen shipyard “Balkan” offers services for various types of ship repairs
The Balkan Shipbuilding and Ship Repair Plant in Turkmenbashi is a major player in the maritime industry, providing a wide range of services to both the national fleet and foreign vessels. The shipyard carries out capital, medium, and light repairs of all types of vessels, as well as new construction. Capital repairs are the most complex and time-consuming, but they are … [Read more...]
Turkmen shipyard “Balkan” repaired more than 80 vessels
From the beginning of 2019 to the present time, Balkan shipbuilding and ship repair plant repaired over 80 vessels of various types, including ships of the National Merchant Fleet of Turkmenistan and vessels of foreign companies, the Agency of Maritime and River Transport of Turkmenistan "Turkmendenizderyayollary" reports. The Turkmen tanker "Atamyrat Nyýazow" was recently … [Read more...]
Turkmenistan and South Korea eye to deepen partnership in shipbuilding
The Balkan Shipbuilding and Ship Repair Plant, located on the territory of the International Port of Turkmenbashi, is negotiating with leading companies of the Republic of Korea in order to implement shipbuilding projects, says the Agency of Marine and River Transport of Turkmenistan "Turkmendenizderyayollary". In particular, Korean companies will supply equipment and … [Read more...]
Baku Shipyard may place its orders at the Turkmen shipyard
On 22-23 February 2023, the management of the Baku Shipyard paid a working visit to Turkmenbashi, the Agency of Maritime and River Transport of Turkmenistan reports. During the visit, the parties discussed opportunities for further expansion of bilateral cooperation in the field of shipbuilding, as well as the exchange of experience. The Azerbaijani delegation visited … [Read more...]
Turkmen and Korean shipbuilders to jointly build two bulk carriers
The Turkmen Shipbuilding and Ship Repair Plant "Balkan" and the Korean company "Koryo Shipbuilding Industry Technology Co., Ltd." (KSIT) have signed a contract for the joint construction of two dry cargo vessels with a capacity of 6,100 tons. Highly qualified engineers from KSIT and local staff from the Balkan plant will work together on the project. As part of the deal, … [Read more...]
Russia’s oldest shipyard shares shipbuilding experience with Turkmenistan
Elvira Kadyrova At the end of September 2019, a delegation of Turkmen shipbuilders and representatives of transport logistics, freight forwarding companies visited the Nevsky Shipyard. The delegation was headed by trade representative of Russia in Turkmenistan Yelizarov Alexander. The visit was aimed getting acquainted with the activities of the plant, visiting … [Read more...]