Uzbekistan, South Korea mull trade co-op, joint projects

Uzbekistan Materials 7 March 2018 17:15 (UTC +04:00)

Baku, Azerbaijan, March 7

By Fikret Dolukhanov – Trend:

Uzbekistan and Korea discussed establishment of deeper trade ties between Uzbek and Korean companies, creation of joint enterprises and realization of investment projects during the Uzbek-Korean business forum and cooperation exchange held in Fergana on March 7 with participation of entrepreneurs from both countries, Uzbek media reported on March 7.

A South Korean business delegation headed by Evergreen Motor Group Chairman Kim Kyon Chang arrived to Uzbekistan to take part in the events.

The forum was also attended by representatives of more than 150 large South Korean companies, operating in the spheres of construction, food industry, trade, IT and business technologies, medicine, metallurgy, chemical production, energy, car manufacturing, machinery, logistics, pharmaceuticals, food and vegetable processing, as well as about 200 representatives of companies from different regions of Uzbekistan.

Uzbekistan is the main trade partner of South Korea among the Central Asian countries: the republic accounts for more than a half of the Korean trade turnover with the regional states.

More than 460 enterprises with Korean assets, including 386 joint and 75 100-percent Korean businesses, are currently operating in Uzbekistan.

Earlier, a Korean business group arrived to Uzbekistan with a four-day tour to visit the Kokand free industrial-economic zone (FEZ), Indorama Kokand Textile LLC, UzSungwoo Company and architectural monuments of Fergana valley.