Tashkent, Uzbekistan (UzDaily.com) -- On 25 March, a meeting was held at the Ministry of Investment, Industry and Trade with the Deputy Minister of Foreign Affairs of the Republic of Korea, Chon Byung Won.

The Korean side confirmed its readiness to increase financial and technical assistance for the implementation of socially important projects and to jointly implement large investment projects in Uzbekistan in the fields of metallurgy, production of electrical products and infrastructure development.

Trade turnover between Uzbekistan and South Korea has doubled (from US$1.3 billion in 2017 to US$2.3 billion in 2023). In the first two months of this year, the volume of bilateral trade increased by 20%. 

Over the past five years, the number of enterprises with Korean capital in Uzbekistan has doubled to 983 units.