On the sidelines of the Asian Development Bank’s Board of Governors meeting, President Shavkat Mirziyoyev hosted the South Korea’s Deputy Prime Minister/ Minister of Economy and Finance Kyu-yun Choi.
The talks focused on further strengthening the Uzbekistan–South Korea Special Strategic Partnership and broadening cooperation across multiple sectors.
President Mirziyoyev placed particular emphasis on expanding trade, economic, and investment ties with South Korea. Both indicators continue to show steady growth: bilateral trade turnover has risen by 12% since the start of the year. Nearly 1,000 joint ventures are currently operating in Uzbekistan, and the total volume of Korean investment has surpassed $8 billion. Work is underway on establishing a dedicated industrial zone for South Korean companies.
The long-standing and productive partnership with the Korea Eximbank and its affiliated funds was also highly commended. The combined portfolio of projects involving these institutions has exceeded $2 billion. Construction continues on a multi-specialty hospital, a chemistry center, and a pharmaceutical park.
In a symbolic milestone, the first Hyundai Rotem train made its inaugural run on the Tashkent–Khiva route today.
President Mirziyoyev stressed the importance of building a new portfolio of investment projects in priority sectors and accelerating interregional exchanges. Hope was expressed that the Korean side would assist in digitizing Uzbekistan's public finance management system.
The two sides also underscored the importance of preparing for the Central Asia–Korea Summit, scheduled to take place in Seoul this autumn, along with other high-level events planned for the coming months.
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