Billions in Investments and 700 Joint Ventures: Senate Backs Expansion of Cooperation with Seoul
Uzbekistan
The cultivation of a favorable investment climate and the steady deepening of an open dialogue with foreign business communities are elevating Uzbekistan's trade, economic, and technological interaction with its strategic partners to a qualitatively new level. On June 16, 2026, Alisher Agzamkhodjayev, Chairman of the Senate Committee of the Oliy Majlis on International Relations, Foreign Economic Relations, Foreign Investments, and Tourism, attended the large-scale "Uzbekistan-Korea" business forum. This event, organized as part of the milestone 5th Tashkent International Investment Forum, served as an effective platform to showcase the comprehensive socio-economic reforms initiated under the leadership of the country's President. Foreign investors were provided with detailed insights into the preferences and opportunities established within the republic for conducting secure and long-term business.
During the panel sessions, representatives of ministries and agencies presented a prospective portfolio of projects to over 200 delegates from the Republic of Korea, spanning high-tech and infrastructural segments such as healthcare, education, industrial cooperation, digital infrastructure and data centers, software, transport, logistics, and geological exploration, including the development of critical minerals. Special emphasis was placed on the resilient dynamics of bilateral ties: by the end of 2025, mutual trade turnover reached 2 billion dollars, while the aggregate volume of direct Korean investments attracted into Uzbekistan's economy exceeded 8 billion dollars, alongside the successful operation of more than 700 joint ventures with Korean capital. Following direct G2B and B2B matchmaking sessions, bilateral contracts and interagency agreements aimed at further expanding mutually beneficial cooperation were formally signed.
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