Deputy Prime Minister Koo Yun-cheol meets with Uzbekistan's Minister of Investment and Foreign Trade, Laziz Kudratov, on June 24 in Seoul. [Photo=Ministry of Economy and Finance]
Koo Yun-cheol, South Korea's Deputy Prime Minister and Minister of Economy and Finance, met with Laziz Kudratov, Uzbekistan's Minister of Investment and Foreign Trade, to discuss expanding economic cooperation in strategic industries such as artificial intelligence (AI), critical minerals, and large-scale infrastructure projects.
During their meeting on June 24 at the Government Complex in Seoul, the two officials explored ways to enhance economic collaboration between their countries.
Kudratov visited South Korea ahead of the inaugural Korea-Central Asia Summit scheduled for September, aiming to identify practical cooperation projects between South Korea and Uzbekistan.
Both sides agreed on the necessity of expanding cooperation in areas including AI and digital technology, critical minerals and supply chains, energy, and large-scale infrastructure.
They specifically aimed to achieve tangible results in major infrastructure projects, such as the development of a smart bio-cluster in Uzbekistan and the new airport in Tashkent, as well as in bio-medical cooperation and the development of airport hinterland areas.
Additionally, they decided to strengthen supply chain cooperation utilizing Uzbekistan's strategic minerals to address the growing demand for critical minerals in advanced industries and the uncertainties in global supply chains.
Koo emphasized, "The importance of strategic economic cooperation between South Korea and Central Asia is growing. I urge efforts to create an investment environment that facilitates the entry of more South Korean companies into Uzbekistan through resolving business challenges, providing investment incentives, and building industrial infrastructure."
In response, Kudratov welcomed the entry of South Korean companies into Uzbekistan and pledged to actively support cooperation between the two countries, focusing on advanced industries and transportation and logistics infrastructure.
Meanwhile, both sides agreed to continue discussions through the External Economic Cooperation Fund (EDCF) policy council to solidify the outcomes of their economic cooperation ahead of the first Korea-Central Asia Summit in September.
During their meeting on June 24 at the Government Complex in Seoul, the two officials explored ways to enhance economic collaboration between their countries.
Kudratov visited South Korea ahead of the inaugural Korea-Central Asia Summit scheduled for September, aiming to identify practical cooperation projects between South Korea and Uzbekistan.
Both sides agreed on the necessity of expanding cooperation in areas including AI and digital technology, critical minerals and supply chains, energy, and large-scale infrastructure.
They specifically aimed to achieve tangible results in major infrastructure projects, such as the development of a smart bio-cluster in Uzbekistan and the new airport in Tashkent, as well as in bio-medical cooperation and the development of airport hinterland areas.
Additionally, they decided to strengthen supply chain cooperation utilizing Uzbekistan's strategic minerals to address the growing demand for critical minerals in advanced industries and the uncertainties in global supply chains.
Koo emphasized, "The importance of strategic economic cooperation between South Korea and Central Asia is growing. I urge efforts to create an investment environment that facilitates the entry of more South Korean companies into Uzbekistan through resolving business challenges, providing investment incentives, and building industrial infrastructure."
In response, Kudratov welcomed the entry of South Korean companies into Uzbekistan and pledged to actively support cooperation between the two countries, focusing on advanced industries and transportation and logistics infrastructure.
Meanwhile, both sides agreed to continue discussions through the External Economic Cooperation Fund (EDCF) policy council to solidify the outcomes of their economic cooperation ahead of the first Korea-Central Asia Summit in September.
* This article has been translated by AI.
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