Uzbek, Korean business structures sign memorandum

The document was signed after the Uzbek-Korean Business Forum in Tashkent. Acting director of EPF Jahongir Mustafaev and vice president of KITA Ahn Hyun-ho signed the document.

Within the memorandum, the sides will cooperate in establishing bilateral cooperation between businesses of Uzbekistan and South Korea.

Fund for support of exports of small businesses and private entrepreneurs of Uzbekistan was founded in August 2013 under the National Bank of Uzbekistan for Foreign Economic Activity. It has branches across Uzbekistan.

President of Uzbekistan Islam Karimov exempted the Fund from payment of all taxes, duties and payments to the state funds, except single social payment.