Saturday, 28, May, 2022

On December 18, in Seoul, the President Shavkat Mirziyoyev met with the chiefs of major companies and financial institutions in the Republic of Korea, the presidential press service said.

According to the press service, in the meeting were present the Minister of Trade, Industry and Energy of the Republic of Korea Moon Seung Wook, Chairman of the Korea International Trade Association Christopher Ku, chiefs of Eximbank Korea, the Korea International Cooperation Agency (KOICA), SK Ecoplant, Posco , Samsung, SK Nexilis, Youngone, KIA Motors, K-water, KT-Net and many others.

The launched reforms in our country are irreversible. The Development Strategy of New Uzbekistan will continue in creating the most favorable conditions for doing business, expanding the presence of foreign business in our country. We appreciate and value stable, trusting and dynamically developing cooperation with the Republic of Korea, Uzbekistan’s reliable friend and special strategic partner, Shavkat Mirziyoyev said.

Reportedly, the two-way trade between the countries has doubled and topped $ 2.2 billion. The volume of direct Korean investments in the economy of Uzbekistan exceeded $ 7 billion. Over the past five years, the number of Korean-invested enterprises in our country has doubled. Today there are more than a thousand of them. 52 investment projects are being implemented together with Korean companies in Uzbekistan worth total of over $ 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 doing business and expressed great interest in the development of investment cooperation.

The sides 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.

The meeting concluded the state visit of the President of Uzbekistan to the Republic of Korea, the head of state left for Tashkent.

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