Business circles of Uzbekistan and South Korea hold talks
24/10/2014 16:25
Business circles of Uzbekistan and South Korea hold talks
24/10/2014 16:25
Tashkent, Uzbekistan (UzDaily.com) -- A cooperation exchange with participation of business circles of Uzbekistan and South Korea was held in Tashkent on 24 October 2014.
The cooperation exchange was aimed at holding bilateral negotiations between business circles of Uzbekistan and South Korea to establish business contacts and study opportunities to expand bilateral trade.
Within the event, the business circles of two states held direct negotiations. The participants also considered issues of bilateral cooperation on realization of joint business projects and strengthen interaction between businesses of two nations.
The participants familiarized with social-economic development of Uzbekistan and South Korea, perspectives of bilateral cooperation in various sectors of economy, investment potential of Uzbekistan and opportunity of investment cooperation, including within free industrial and economic zone Navoi and special industrial zone Angren.
The Chamber of Commerce and Industry of Uzbekistan and Center for supporting startups of the Jeonju University signed a memorandum of understanding, which is directed at establishing cooperation in holding market researches, cooperation exchanges and other joint events.
South Korea is one of leading investors into economy of Uzbekistan. The Korean companies are implementing several large scale projects, including construction of Ustyurt Gas Chemical Complex on the base of Surgil field.
Currently, there are over 400 enterprises with Korean capital in Uzbekistan, including 70 firms with 100% Korean capital. They work in such areas as trade, light industry, mining, metallurgy, chemical, food, machinery industries, healthcare, tourism and service sectors.
About 80 South Korean companies accredited their offices at the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan.
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