• KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00210
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850

Viewing results 1 - 6 of 59

Patient Capital, Fast Deals: Japan and South Korea Take Different Paths into Central Asia

Japan and South Korea have reached the same strategic conclusion: Central Asia matters to their economic security. Yet they are pursuing that goal through markedly different playbooks. In December 2025, Tokyo hosted the first leaders' summit of the "Central Asia plus Japan" Dialogue, 21 years after the format was launched. All five Central Asian presidents attended. Japan set a target of three trillion yen in business projects across the region over five years - roughly $19 billion at the time - while placing critical-mineral supply chains among the summit's priority areas. The bilateral announcements were equally significant. Uzbekistan presented a proposed project portfolio worth more than $12 billion and called for a joint investment platform to advance it. Kazakhstan and Japan announced a package of public- and private-sector agreements worth $3.7 billion. These included a long-term uranium contract and an offtake agreement under which Kazakhstan's Eurasian Resources Group would supply gallium to Mitsubishi Corporation RTM Japan. The timing was no accident. By May 2026, Chinese shipments to Japan of dysprosium and terbium remained close to zero, while exports of finished rare earth magnets to Japan fell 35% from the previous month. These materials are essential to high-performance magnets. For Tokyo, diversifying critical mineral supply is no longer a distant policy objective; it is an immediate industrial requirement. South Korea has been moving toward the same destination by a different route. During then-President Yoon Suk Yeol's state visit to Kazakhstan in 2024, the two countries signed a critical minerals memorandum allowing Korean companies to participate in the exploration and development of lithium, chromium, uranium, and rare earths. Seoul is now preparing to host the first Korea-Central Asia summit on September 16-17, 2026, elevating years of bilateral and multilateral engagement to the leaders' level. [caption id="attachment_52351" align="aligncenter" width="1280"] Image: Japan Cabinet Public Affairs Office[/caption] Why Central Asia Counts Both Japan and South Korea are resource-poor manufacturing powers whose leading industries depend on secure supplies of imported minerals. South Korea imports more than 95% of the critical minerals it consumes. Japan received its own warning in 2010, when Chinese rare earth shipments were disrupted during a territorial dispute, and the pressure has returned in a sharper form in 2026. Central Asia cannot replace China in the short term, but it offers Tokyo and Seoul a credible route toward diversification. Kazakhstan and Uzbekistan combine substantial mineral potential with governments eager to attract investment, technology, and new export markets. Kazakhstan is already a major producer of uranium and chromium, and has significant copper, titanium, and rare earth prospects. In April 2025, Kazakhstan announced the possible discovery of a rare earth deposit containing more than 20 million metric tons of resources. If further exploration confirms that estimate, the country could possess one of the world's largest rare earth resource bases. However, the distinction between a resource estimate and a usable supply chain is crucial. A discovery is not a producing mine, and a mine is not a processing industry. Exploration, environmental approvals, infrastructure, separation, refining, and...

Turkmenistan Launches First Locally Built Dry Cargo Vessel

Turkmenistan has launched its first dry cargo vessel built at the Balkan Shipbuilding and Repair Yard. According to the state news agency TDH, the new ship has been named Gadamly. The vessel is designed to transport dry cargo and has a carrying capacity of 6,100 tons. It can also transport up to 240 20-ton containers. The project was implemented jointly by local specialists and the South Korean company Koryo Shipbuilding Industry Technology. During the launch ceremony, the company’s head, Choi Young Wook, presented the shipyard with international certificates recognizing its engineering development and construction quality standards. Additional certification confirming compliance with international standards, including environmental requirements, was awarded by the French company Bureau Veritas Marine & Offshore. State media coverage of the event focused on the project’s industrial significance as well as the traditional customs associated with launching a new vessel. According to TDH, respected elder women scattered white flour over the ship as part of the traditional blessing ritual “ak zat alnyňa ýagşy,” while an aladja, a traditional protective talisman, was tied to the ship’s wheel. A festive sadaka, or charitable offering for people in need, was also held. Turkmenistan has announced plans to continue cooperation in shipbuilding. President Serdar Berdimuhamedov said another cargo vessel, Menzil, is expected to enter service in the near future. Opened in 2018, the Balkan Shipbuilding and Repair Yard is part of the Turkmenbashi International Seaport complex. The Turkmen government reportedly invested around $1.5 billion in the port project. The shipyard is designed to build four to six vessels annually.

Middle East Crisis: Kazakhstan Could Become an Alternative Supplier of Petroleum Products to Asia

The two-week ceasefire announced after Pakistani mediation between Iran and the U.S. has reduced the risk of immediate escalation in the Strait of Hormuz, but disruptions to one of the key routes of global oil trade have already triggered structural changes in energy markets. Against this backdrop, Kazakhstan and other countries in the region are increasingly being viewed as alternative suppliers of hydrocarbons, at least from the perspective of South Korea and Japan. Despite the agreement on a two-week pause, Iran has made it clear that it retains control over shipping in the strait, including the potential to impose restrictions and coordinate tanker movements with its military. This has heightened concerns among importers, many of whom depend heavily on this route. The most notable shift is taking place in Asia. South Korea, which receives about 61% of its crude imports and 54% of its naphtha imports through the Strait of Hormuz, is sending a high-level delegation to Kazakhstan, Oman, and Saudi Arabia to seek alternative sources of supply. Talks in Astana are expected to focus on oil and naphtha for industrial use. South Korea, Asia’s fourth-largest economy, has proven to be among the most vulnerable to disruptions in the Strait of Hormuz. In response, Seoul is taking urgent diplomatic and economic measures, with Presidential Chief of Staff Kang Hoon-sik traveling to Kazakhstan as a special envoy for strategic economic cooperation. The delegation includes representatives from relevant ministries and major energy companies, underscoring the urgency of the effort. The purpose of the visit is not only to address a potential short-term shortfall but also to establish sustainable alternative supply channels. South Korea has already secured a 24 million-barrel supply deal with the UAE, and shipments are already arriving at its ports, though officials say that volume is still insufficient given the ongoing instability. The government is coordinating efforts with private fuel importers and logistics operators to ensure uninterrupted supplies until tankers arrive at the country’s ports. Kazakhstan, which possesses large oil fields including Kashagan, is emerging as a key candidate to partially replace Middle Eastern volumes. However, geography imposes clear limitations: oil from the region requires more complex logistics, including transit across the Caspian Sea and onward through the Caucasus or the Black Sea. This is compounded by a projected decline in the country’s oil production. In March, Energy Minister Yerlan Akkenzhenov stated that output could fall by 2-4 million tons by the end of 2026 due to disruptions linked to attacks on infrastructure belonging to the Caspian Pipeline Consortium (CPC), as well as fires at the Tengiz field. Initial projections placed Kazakhstan’s 2026 oil production at 100.5 million tons, potentially a record level. However, the minister indicated that actual output will most likely fall short of this target. Japan is also reassessing its supply strategy. With more than 90% of its oil traditionally sourced from the Middle East, Tokyo is considering increasing imports from Kazakhstan and Azerbaijan through projects involving the national company INPEX. Japanese experts note that oil from...

Kazakhstan Discusses Local Production of Nuclear Power Plant Equipment with South Korea

Kazakhstan has discussed the possibility of localizing production of equipment for nuclear power plants (NPPs) with South Korean partners during a working visit to the Republic of Korea by Almasadam Satkaliyev, chairman of Kazakhstan’s Agency for Atomic Energy. According to the agency’s press service, the Kazakh delegation held meetings with officials from South Korea’s Ministry of Climate, Energy and Environment, as well as executives from major Korean companies, including Korea Hydro & Nuclear Power (KHNP) and Doosan Enerbility. The talks focused on strengthening strategic cooperation in the peaceful use of nuclear energy, expanding technological partnerships, and developing industrial and investment collaboration. “Particular attention during the visit was given to cooperation with leading Korean companies that have extensive international experience in nuclear power plant construction and high-tech manufacturing,” the Kazakh agency said in a statement. “The sides discussed the development of industrial cooperation, including the possibility of localizing the production of equipment and individual components in Kazakhstan, as well as involving Kazakh enterprises in the technological and manufacturing chains of nuclear energy projects.” During discussions with South Korean government representatives, Kazakhstan presented its priorities for developing the national nuclear industry, including institutional reforms and the creation of a modern system of state regulation and management of the sector. The parties also exchanged views on nuclear and radiation safety standards and explored opportunities to share regulatory experience and best practices in managing nuclear energy programs. Another key topic was workforce development for the nuclear sector. Discussions covered potential cooperation in training specialists, expanding educational programs, and exchanging professional expertise necessary for the implementation of long-term nuclear energy projects. “The meetings confirmed mutual interest in further strengthening the partnership, expanding institutional dialogue, and deepening practical cooperation between Kazakhstan and the Republic of Korea in the development of the nuclear energy sector,” the agency said. As previously reported by The Times of Central Asia, Kazakhstan has already selected partners for the construction of three nuclear power plants. The first project will be led by Russia’s Rosatom, while the second and third plants are expected to be built by the China National Nuclear Corporation (CNNC). Earlier this year, the authorities also selected the site for the country’s second nuclear power plant in the Zhambyl District of the Almaty Region, close to the location chosen for the first plant near the village of Ulken on Lake Balkhash.

The Influence of Korean Culture on Uzbekistan: Personal Stories and Impressions

From fan meet-ups in shopping malls to Korean universities and supermarket shelves stocked with beauty brands, Korean culture in Uzbekistan has long ceased to be a niche interest. Yet behind bright music videos and conversations about Korean standards lies a more complex picture. For some, it represents a sense of community and part of personal identity; for others, it is a passing trend or even a source of disappointment. How exactly is the Korean wave structured in Uzbekistan, and why is its influence perceived so differently? The answer lies in personal stories and observations. How the Korean “Wave” Is Structured in Uzbekistan When discussing the influence of Korean culture in Uzbekistan, it is important to recognize that this is not a single, monolithic phenomenon. Rather, it consists of several parallel streams that have gradually entered everyday life. These include popular culture — K-pop, television dramas, fan meetings, and new urban leisure formats — as well as consumer practices such as cosmetics, fashion, and gastronomy. Institutional ties also play a role, including language centers, university programs, cultural associations, and humanitarian initiatives. In academic discourse, the concept of the Korean Wave, or Hallyu, refers to the global spread of South Korean cultural products and associated lifestyles beyond the country’s borders since the late 1990s. Mass media, internet platforms, and carefully designed state cultural policy have played key roles in this process. In Uzbekistan, Hallyu has taken on a particular resonance. Here, Korean culture is not merely a trend introduced through new media; it is also part of the country’s social fabric. Uzbekistan has a historically significant Korean community composed of descendants of Koreans resettled during the Soviet period. For many people, interest in contemporary South Korea is therefore linked not only to fashion or pop culture but also to questions of identity, memory, and intergenerational dialogue. Pop Culture and Urban Aesthetics The most visible and widely discussed channel of influence is youth pop culture. It is through this sphere that the Korean wave becomes most noticeable. Researchers in the region describe K-pop as one of the main drivers of Hallyu’s popularity in Central Asia, including Uzbekistan. Interest in music often leads to language learning, the formation of fan communities, and increased online engagement. For many, everything begins with a music video, bright, dynamic, and visually polished. Then come fan chats, dance cover groups, and attempts to analyze song lyrics. Music becomes a form of social glue, bringing teenagers together in Telegram channels, on university campuses, and in shopping malls where spontaneous flash mobs take place. Alongside this runs what might be called the drama channel. Korean television series in Uzbekistan are no longer a niche interest. Academic publications analyze their growing popularity and explore why this format has proven so resilient and widely appealing. The explanation is often found in a combination of emotional storytelling, family-centered plots, and visual aesthetics that resonate with local audiences. Pop-cultural influence does not remain confined to screens; it spills into the city itself. In 2023, Korea...

South Korea Supports Kyrgyzstan’s Transition to Electric Transport

South Korea is expanding support for Kyrgyzstan’s transition to electric mobility through new investments in charging infrastructure and the electrification of government vehicles. Blue Networks Co., Ltd., a South Korean company specializing in electric vehicle (EV) charging infrastructure that has installed more than 3,500 charging stations in South Korea, plans to install 300 EV charging stations across Kyrgyzstan by July 2026. The initiative was discussed during a March 3 meeting between Kyrgyz Energy Minister Taalaibek Ibraev and representatives of Blue Networks. Cooperation between Kyrgyzstan and Blue Networks began in 2024, when the state-owned energy company Chakan HPP and the South Korean firm signed a memorandum on the joint development and operation of EV charging stations. In 2025, the partners signed a framework agreement to establish a manufacturing facility in Kyrgyzstan to assemble EV charging stations. As part of the agreement, a joint venture has already been established, and the launch of the assembly plant is scheduled for April 2026. Digitalization was also a key topic during the meeting. Blue Networks said it is developing software to manage EV charging infrastructure and agreed to provide Kyrgyzstan’s Ministry of Energy with access to the system to ensure transparency, monitoring, and efficient management of the future charging network. The initiative forms part of broader support from South Korea for Kyrgyzstan’s transition to electric mobility. On March 3, the Korea International Cooperation Agency (KOICA) handed over electric vehicles under the project “Electric Vehicle Transition Project for Public Service Fleet to Realize Green Mobility in the Kyrgyz Republic.” The ceremony was attended by Kyrgyz Deputy Minister of Economy and Commerce Mederbek Tumanov, South Korean Ambassador to Kyrgyzstan Kim Kwangjae, KOICA Country Director Lim Soyeon, and representatives of participating government institutions. According to the KOICA Kyrgyzstan office, ten electric SUVs will be distributed among key government institutions during the first phase of the project. The initiative, which runs from 2024 to 2027 with a budget of about $11 million, aims to reduce greenhouse gas emissions and support the adoption of electric vehicles in the public sector through the provision of vehicles, charging infrastructure, and training programs. These initiatives align with the Kyrgyz government’s strategy to promote environmentally friendly transport and reduce air pollution in Bishkek and other major cities. The number of electric vehicles in Kyrgyzstan has been steadily increasing. According to First Deputy Prime Minister Daniyar Amangeldiev, more than 200 electric vehicles are imported into the country daily under a VAT exemption scheme. As a member of the Eurasian Economic Union (EAEU), Kyrgyzstan also benefits from an annual quota allowing the duty-free import of up to 15,000 electric vehicles. Despite this rapid growth, electric vehicles still represent a small share of the national vehicle fleet. According to the Ministry of Natural Resources, Ecology, and Technical Supervision, Kyrgyzstan had more than 1.9 million registered vehicles as of early 2026, a 13% increase compared with 2024. Of these vehicles, 972,000 run on gasoline, 339,000 on diesel, 56,900 on gas, and 37,000 are hybrids. Electric vehicles account for...