Received 21.07.2023, Revised 16.10.2023, Accepted 08.11.2023

USING THE EXPERIENCE OF THE REPUBLIC OF KOREA IN THE DEVELOPMENT OF THE ECONOMY OF THE KYRGYZ REPUBLIC

U.K. Sadygaliev

The article deals with the issues of studying and implementing the Republic of Korea's reform experience in economic development within the Kyrgyz Republic. It scrutinizes the necessity of identifying specific development objectives, particularly those focused on diversifying the economy and fostering industrial collaboration with developed countries. The article acknowledges the significance of utilizing natural resources as an investment potential for establishing clusters across various industries. Furthermore, it emphasizes the need to promote the growth of export- oriented small and medium-sized enterprises, while simultaneously supporting large enterprises through an improved financial and credit system, which serves as a basis for developing high- tech industries and creating employment opportunities. The author concludes that the Republic of Korea's development path presents a viable model for Kyrgyzstan to build a self-sustaining knowledge economy capable of providing its populace with a high standard of living

reforms, resources, clusters, small and medium-sized enterprises, large enterprises, industrial cooperation, investments, modernization, diversification, export orientation
185-189
Sadygaliev, U.K. (2023). USING THE EXPERIENCE OF THE REPUBLIC OF KOREA IN THE DEVELOPMENT OF THE ECONOMY OF THE KYRGYZ REPUBLIC. Bulletin of the Bishkek State University, 21(4), 185-189. https://doi.org/10.35254/bsu/2023.66.17

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