The South Korean company specializes in production and sales of sport clothes, footwear and bags. The company also trades with modern fabrics with polyester and synthetic fabrics. The company’s products are oriented for higher price diapason. Total assets of the company exceed US$2 billion.

During the meeting, the representatives of State Property Committee briefed the South Korean firm on priority directions of economic development of Uzbekistan, as well as increasing role and share of private sector in economy. The Korean side also received information on measures, adopted in Uzbekistan to stimulate investments and implementation of innovative projects, creation of new capacities, etc.

In her turn, Youngone Holding official expressed interest in purchasing objects in Uzbekistan to create production capacities on production of garment and knitwork products and leather-footwear goods.

Youngone Holding official was provided information on existing objects and the Uzbek side expressed readiness to organize visit of the Korean specialists to these objects.

At the end of the visit, the sides agreed to cooperate further on issues, related to implementation of Youngone Holding projects.