Uzbekistan and South Korea signed over US$2.7 billion worth of finance deals during the state visit of the President Shavkat Mirziyoyev to the Korea Republic.
The Korea Eximbank will provide US$2 billion in loans to the Uzbekistan's Reconstruction and Development Fund for project financing.
The Governments of Uzbekistan and South Korea inked $500 million Economic Development Cooperation Fund (EDCF ) loan agreement.
Uzbekistan's National Bank for Foreign Economic Activty (NBU) and the Korea Eximbank signed a US$150 million loan agreement to finance investment projects and trade deals involving Korean suppliers and contractors.
The Korean International Cooperation Agency (KOICA) and the Uzbekistan Committee for Investments signed a Memorandum of Understanding on implementation of the cooperation program for 2018-2019. KOICA will provide technical assistance worth US$32.2 million within the document.
UzbekLeasing International signed four US$50 million of deals with South Korean companies: GST Korea, Road International Co. Ltd, KCP and KwangShin for supply of special machinery and equipment from Korea Republic to Uzbekistan.