Tashkent, Uzbekistan (UzDaily.com) -- The Embassy of Uzbekistan in the Republic of Korea in the Korean-Uzbek Business Center in the city of Incheon organized a videoconference between the First Deputy Minister of Investment and Foreign Trade of the Republic of Uzbekistan Laziz Kudratov, Chairman of the Shindong Resources company, Chairman of the Korean The Uzbek business association Kim Yong Gu and the deputy chairman of this association Kim Chang Keon, Dunyo news agency reported.

The meeting was also attended by Deputy Energy Minister Sherzod Khodzhaev, Deputy Chairman of the State Committee for Geology and Mineral Resources Azam Kadyrkhodzhaev, Deputy Khokim of Navoi Region Kamoliddin Khasanov, Head of the Representative Office of the Korean-Uzbek Business Association in Uzbekistan Yun Jon Sok and others.

During the talks, issues related to the acceleration of the implementation of the project for the development of a metal ore deposit at the Southbai site in Navoi region were considered.

Representatives of South Korea noted the completion of a feasibility study of the project, which will be sent to the Uzbek side for consideration, assessment of its effectiveness and payback. This important investment project for Uzbekistan provides for the creation of a full-fledged cluster for the extraction and processing of metallurgical raw materials and the production of export-oriented products with high added value. They expressed their readiness to attract leading South Korean companies to this cluster.

The parties agreed on joint steps to implement measures aimed at providing the project with external infrastructure, and also considered the tax rates for the use of subsoil. The Uzbek side expressed its readiness to provide all kinds of assistance in the successful implementation of the project and its promotion for the development of the country's industry.