About 100 investment projects worth more than $ 14 billion US are being implemented in Uzbekistan

On June 6, 2022, the Ministry of Investment and Foreign Trade held talks with the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Uzbekistan Kim Hee Sang.

During the meeting, the sides canvassed the current state of Uzbek-Korean cooperation, the implementation of agreements reached, as well as the state of preparations for future events.

Today, about 100 investment projects worth more than $ 14 billion US are being implemented in Uzbekistan together with Korean companies. The volume of Korean direct investment in the Uzbek economy has exceeded $ 7 billion US.

Over the past five years, the number of enterprises with Korean capital in Uzbekistan has doubled (as of June 1 - 900).

Attention was also paid to intensifying trade between the two countries. The trade turnover has doubled in the last five years and reached $ 1.8 billion in 2021. In the first quarter of 2022, this figure boosted by 51% ($ 630.4 million). The two sides consented to intensify efforts to achieve the goals set by the two countries' leaders and proliferate bilateral trade to $ 5 billion US by 2025.