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Fonon creates joint venture to produce jewelry with Korean partners
Tashkent, Uzbekistan (UzDaily.com) --
The state research and production enterprise Fonon and the South Korean Hwachon Plant-Gemco are planning to establish a joint venture to produce jewelry in Tashkent.
In Seoul, representatives of companies signed an agreement on the establishment of the Uzbek-Korean joint venture.
The statutory fund of the joint venture will be US$30 million. The joint venture is created on a parity basis.
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