President of Uzbekistan Outlines Cooperation Priorities with the Export-Import Bank of Korea

Economy

As part of his state visit to the Republic of Korea, President of the Republic of Uzbekistan Shavkat Mirziyoyev met with Hwang Ki-yeon, Chairman of the Export-Import Bank of Korea.

President of Uzbekistan Outlines Cooperation Priorities with the Export-Import Bank of Korea
The meeting was also attended by Kwon Yi-kyun, President of the Korea Institute of Geoscience and Mineral Resources (KIGAM), and Bum-Sung Kim, Deputy Director of the Korea Institute of Materials Science (KIMS).

The parties noted with satisfaction the long-standing, fruitful cooperation with the bank and its funds in the fields of healthcare, pharmaceuticals, critical materials, education, and transport.

The Head of State supported the signing of a new partnership program worth $8 billion. Discussions also covered accelerating projects related to the supply of high-speed trains, the establishment of a bio-center, critical mineral processing, and the development of digital technologies.

Particular attention was paid to establishing a Women's Entrepreneurship Center in the Aral Sea region and involving Korean financial institutions and companies in the project to build the new Tashkent–Samarkand railway.

The parties welcomed the launch of a joint fund to finance projects in the critical minerals sector. A proposal was made to draft a project for establishing a center for the design and testing of semiconductors and new materials.

The importance of the active participation of the Korea Institute of Geoscience and Mineral Resources and the Korea Institute of Rare Metals in these projects was emphasized.

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