On December 18, in Seoul, the President of Uzbekistan held a meeting with the heads of leading companies and financial structures of the Republic of Korea.
As the press service of the head of state reported, the event was attended by the Minister of Trade, Industry and Energy of the Republic of Korea Moon Seung Wook, Chairman of the Korea International Trade Association Christopher Ku, heads of the Eximbank of Korea, the Korea International Cooperation Agency (KOICA), SK Ecoplant, Posco, Samsung , SK Nexilis, Youngone, KIA Motors, K-water, KT-Net and many others.
“The started transformations in our country are irreversible. The development strategy of New Uzbekistan provides for the continuation of work to create the most favorable conditions for entrepreneurs, expand the presence of foreign business in our country. We appreciate and value stable, trusting and dynamically developing cooperation with the Republic of Korea, a reliable friend and special strategic partner of Uzbekistan,” Shavkat Mirziyoyev said.
It is reported that trade between the countries has doubled and amounted to $2.2 billion. The volume of accumulated direct Korean investments in the economy of Uzbekistan exceeded $7 billion. Over the past five years, the number of enterprises with Korean capital in our country has doubled. Today there are more than a thousand of them. Together with Korean companies, 52 investment projects are being implemented in Uzbekistan for a total amount of more than $9 billion.
The head of state called on Korean companies to develop new breakthrough, truly large-scale joint initiatives. It is noted that representatives of the business circles of South Korea highly appreciated the conditions created in Uzbekistan for active business and expressed great interest in the development of investment cooperation.
At the meeting, the parties discussed the implementation of 40 new projects with Korean companies totaling more than $5 billion in areas such as digitalization, green energy, mechanical engineering, agriculture, textile industry, pharmaceuticals, geology and many other areas.
The President approved these plans, instructed the responsible persons to develop and adopt an appropriate “Roadmap” with the definition of specific terms.
“Our main goal is to make Korean business feel comfortable in Uzbekistan,” Shavkat Mirziyoyev emphasized.
The head of state invited the heads of Korean companies to visit Uzbekistan and take advantage of the favorable conditions created for foreign investors.
Thus, the state visit of the President of Uzbekistan to the Republic of Korea was concluded, the head of state left for Tashkent.