Tashkent, Uzbekistan (UzDaily.uz) — South Korean automotive components manufacturer Hansae Mobility has opened a new industrial facility in the Kuvasay branch of the Kokand Free Economic Zone in Uzbekistan’s Fergana Region. The project represents an investment of US$30 million.
The opening ceremony was attended by Mirzohid Ubaydullayev, first deputy governor of Fergana Region; Kim Ik Hwan, vice chairman of Hansae Mobility; Jeong Dae Won, executive director of Hansae Mobility Turan; Davron Khidoyatov, deputy chairman of Uzavtosanoat JSC; and representatives of relevant industries from Uzbekistan and South Korea.
Participants discussed the project’s significance for regional industrial development and bilateral economic ties. Company representatives thanked the regional authorities for supporting the investment initiative. The event also highlighted measures to attract foreign investment and support industry.
The facility has already created more than 100 jobs. The company plans to increase the workforce to 140 by the end of 2026 and eventually to 250 employees.
Production has begun fulfilling orders, while negotiations are underway to secure additional contracts. In the longer term, Hansae Mobility intends to expand its production and service capacity, strengthen cooperation with local suppliers and increase the level of localization of its automotive components.
On the opening day, Fergana Region Governor Khayrullo Bozorov visited the facility to review its manufacturing processes, product range and quality. He also held talks with the Hansae Mobility delegation led by Kim Ik Hwan.
The discussions focused on the facility’s further development under Uzbekistan’s localization programme, expansion of its product range and supplies to markets in Central Asia and Europe.
The sides also considered potential investment projects in the textile industry and ways to attract additional South Korean investors to Fergana Region.
They agreed to continue cooperation in the areas discussed.
The opening of the plant marks a new stage in industrial cooperation between Uzbekistan and South Korea.
