Laziz Kudratov agrees on new investment projects in Seoul

Tashkent, Uzbekistan (UzDaily.uz) — A working visit by the Minister of Investments, Industry and Trade of the Republic of Uzbekistan, Laziz Kudratov, to the Republic of Korea from 24 to 26 June 2026 has opened a new stage in strengthening long-term bilateral investment, trade, and economic partnership.

This trip to Seoul served as a logical continuation of a major overseas tour by the head of the ministry, during which he previously visited the State of Qatar and Japan.

As part of the intergovernmental track of negotiations in Seoul, Laziz Kudratov held a series of strategic meetings with the Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea, Koo Yun-cheol, as well as the Minister of Trade, Industry and Energy, Kim Jong-hwan. Following these meetings, the sides officially agreed on a comprehensive roadmap aimed at the deep diversification of economic ties and the prompt launch of new large-scale interstate initiatives.

The itinerary of the Uzbek delegation also covered financial and social sectors of interaction. During meetings with the Chairman of the Export-Import Bank of Korea, Hwang Ki-yeon, and the senior leadership of the Korea International Cooperation Agency (KOICA), efficient mechanisms for co-financing major investment projects, the expansion of direct interbank contacts, and the allocation of grant support for the implementation of significant social programs in Uzbekistan were worked out in detail.

Concurrently, the ministerial delegation held a series of intensive direct negotiations with leaders of major Korean businesses. The meetings with the top management of leading South Korean corporations resulted in firm agreements to launch joint high-tech projects across a wide spectrum of industries.

These sectors include infrastructure modernization, the development of tourism and the hotel sector, the building materials industry, retail, the food industry, metallurgy, energy, the oil and gas complex, and the chemical and cable industries. The partners paid special attention to cooperation in transport engineering, civil engineering, the financial sector, and the implementation of high technologies in the field of robotics.