Uzbekistan and South Korea review ongoing and new projects

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TASHKENT (TCA) — The first Uzbek-Korean meeting on economic cooperation was held in Tashkent on February 13. The Uzbek delegation was headed by Prime Minister Abdulla Aripov. Deputy Prime Minister and Minister of Strategy and Finance Kim Dong Yong headed the Korean delegation, which comprised some 60 representatives of the Ministry of Strategy and Finance, Ministry of Foreign Affairs, and Ministry of Trade, Industry and Energy of South Korea, the Jahon information agency reported.

The parties discussed the implementation of projects under the framework agreement between the governments of Uzbekistan and the Republic of Korea in respect of loans of the Fund for economic cooperation and development for 2018-2020. The amount of the program is $500 million.

The participants also considered a project to create a children’s multidisciplinary medical center and the organization of a modern specialized medical center in Uzbekistan.

The parties also discussed the timely implementation of the project to create a textile Technopark in Tashkent, together with the Korean Institute of Advanced Technologies (KIAT), the creation of the Uzbek-Korean business center, and the opening of the House of Korean culture and art in Uzbekistan.

Relations between the two countries have risen to a qualitatively new level after the state visit of President of Uzbekistan Shavkat Mirziyoyev to South Korea in November 2017.

South Korean companies are taking an active part in development of the economy of Uzbekistan. In recent years, new areas of partnership have been opened, and a number of joint projects are being implemented in the oil and gas industry, energy, education, information technologies, engineering, and chemical industry.

Sergey Kwan

TCA