Uzbekistan Shares Volume Of Korean Investments In 2023

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, June 14. The volume of Korean investments in Uzbekistan exceeded $7.5 billion in 2023, Trend reports.

This was revealed during a meeting in a narrow format between President of Uzbekistan Shavkat Mirziyoyev and President of South Korea Yoon Suk Yeol.

During the meeting, the sides focused on issues of further expansion of practical interaction in political, trade, economic, technological, and other priority spheres.

The officials reached an agreement to form a new partnership model for more effective utilization of potential, identification, and promotion of large high-tech cooperation projects.

Both presidents noted the development of cultural and humanitarian exchange between the two countries. A total of 4 branches of leading Korean universities are successfully functioning in Uzbekistan. At the same time, more than 11,000 Uzbek students are studying in South Korea.

The presidents emphasized the importance of further mutual support within the framework of international organizations.

The sides also discussed regional cooperation, including in the Central Asia-Korea format.

Both parties agreed on establishing close contacts in the field of security and defense, in particular in the fight against cybercrime, terrorism, and extremism.

Meanwhile, Korea is among Uzbekistan's leading trade and investment partners. The trade turnover volume between the two countries reached $2.5 billion last year. In addition, tourist flow is growing between Uzbekistan and Korea. Thus, Tashkent and Seoul are connected by 10 flights a week.

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