Uzbek President Shavkat Mirziyoyev held high-level talks in Seoul aimed at expanding South Korean investment, industrial cooperation and partnerships in technology, finance and infrastructure.
The meetings formed part of Mirziyoyev’s state visit to South Korea and covered parliamentary and economic ties, critical minerals, digital technology, transport and automotive manufacturing.
Mirziyoyev met South Korea’s National Assembly Speaker Cho Jung-sik and Prime Minister Han Son-suk to discuss further developing the two countries’ special strategic partnership.
During talks at the National Assembly, the two sides discussed strengthening parliamentary cooperation and overseeing the implementation of agreements reached at the highest level, particularly those covering trade, investment and cultural ties.
The president also took part in an Uzbek-Korean business forum attended by more than 300 representatives of government bodies, financial institutions and leading companies from both countries. He proposed combining Uzbekistan’s resource base with Korean technology and investment to create new sources of economic growth.
Proposed areas for cooperation include industrial production, energy and the green economy, transport infrastructure, digitalisation and artificial intelligence, semiconductors, biotechnology and pharmaceuticals.
Financial cooperation featured prominently in the talks, with Mirziyoyev supporting a new $8 billion partnership programme with the Korea Eximbank. The two sides also discussed speeding up projects involving high-speed trains, a new Bio Centre, critical mineral processing and digital technologies.
A joint fund to finance critical mineral projects has also been launched. Uzbekistan and South Korea also discussed plans to establish a centre for the design and testing of semiconductors and new materials, involving Korean geological and materials research institutions.
Talks with Hyundai Motor Group, Kia and Hyundai Rotem focused on expanding production in Uzbekistan and increasing the localisation of automotive components.
The sides discussed launching new Kia models, producing electric and hybrid vehicles and expanding exports. Uzbekistan also discussed additional supplies of Hyundai Rotem high-speed trains, alongside the potential establishment of a service centre and the localisation of train components.
The first Hyundai Rotem high-speed trains have already begun operating on the Tashkent–Khiva route, halving travel times, according to the Uzbek presidential press service.
Mirziyoyev also discussed financial cooperation with Shinhan Financial Group. The sides reviewed credit lines for Uzbek commercial banks and plans to establish a Shinhan Bank subsidiary in Uzbekistan, as well as green lending, digital banking and financial solutions for small and medium-sized businesses.
In talks with Korean infrastructure corporation KIND, Uzbekistan discussed a joint investment platform and plans fortransport and social infrastructure. The sides also considered developing a master plan for the area surrounding the future Tashkent international airport, connecting it to logistics hubs and urban infrastructure.
Meanwhile, Incheon International Airport Corporation discussed the modernisation of Urgench International Airport and the construction of the new Tashkent airport. The Korean company plans to open an office in Tashkent, which could also serve as a centre for airport management, digitalisation and personnel training.
Mirziyoyev also met Lotte Group Chairman Shin Dong-bin. The sides discussed development projects using Korean technology, cooperation in copper foil production and Lotte’s potential involvement in managing Uzbekistan’s tourism centres.
The Uzbek president called on Korean companies to participate in projects ranging from copper processing and electrical equipment to robotics, energy storage, pharmaceuticals and urban infrastructure.
The meetings also produced a proposal to establish an Uzbek-Korean Industrial and Technological Alliance to expand cooperation between companies and research institutions.
The talks in Seoul point to a broader expansion of Uzbekistan-South Korea economic cooperation, moving beyond individual investment projects towards larger partnerships spanning manufacturing, finance, technology, critical minerals and strategic infrastructure.
Russia's health watchdog said on Tuesday that no cases of plague had b...
An Azerbaijani citizen died and another is missing after a cargo ship was attacked by a drone in the Black Sea, near the coast of Romania on Monday...
Azerbaijan is seeking to attract more European visitors by improving air connectivity and raising its profile as an international tourism des...
Australian counterterrorism authorities are examining the links of the co-pilot accused of attacking the captain and attempting to take control of a flydubai flight bound for Israel. Authorities in New Zealand have also said they are investigating reports the suspect had spent time in that country.
Russia's health watchdog said on Tuesday that no cases of plague had been detected among anyone who had come into contact with a Siberian plague institute laboratory worker who died last week, and locals said their lives had barely been disrupted.
Right-wing Brazilian Senator Flavio Bolsonaro will face leftist President Luiz Inacio Lula da Silva in a runoff of the presidential election later this month, after he exceeded expectations in Sunday's first-round vote with a slight lead over the incumbent.
Candidates elected to Bosnia and Herzegovina's three-member presidency declared victory after preliminary unofficial results showed Denis Becirovic leading the Bosniak seat, Darijana Filipovic ahead in the Croat seat and Zeljka Cvijanovic likely retaining the Serb seat.
An Azerbaijani citizen died and another is missing after a cargo ship was attacked by a drone in the Black Sea, near the coast of Romania on Monday, 5 October, Baku's Foreign Ministry has said.
Armenian Prime Minister Nikol Pashinyan has said the Trump Route for International Peace and Prosperity (TRIPP) project could become a cornerstone of economic transformation in Armenia and the wider region, while boosting investment and regional connectivty.
Central Asian countries are strengthening sanitary and quarantine controls amid the situation in Russia’s Irkutsk region. Kyrgyzstan, Kazakhstan, Uzbekistan and Tajikistan have introduced preventive measures following the death of an employee of a plague research institute in the city of Shelekhov.
Kazakhstan’s former navy chief, Kanat Niyazbekov, has been arrested after 14 servicemen died during military exercises in the Caspian Sea in September, Russian state news agency TASS has reported, citing law enforcement authorities.
The German-Azerbaijani Connectivity Conference 2026 commenced on 6 October in Baku under the title “Mobilising Finance for Infrastructure, Transport, Logistics, Green Energy, and Digitalisation along the Middle Corridor.”
Saudi Arabia, Pakistan and Türkiye on Monday agreed at an emergency meeting in Riyadh to put their Mecca Joint Defence Agreement into practical effect, deciding to deploy agreed military forces and capabilities rapidly to the kingdom as Houthi attacks and a Saudi-backed offensive in Yemen continue.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment