By Lee Kyung-sik with Ms. Sua Kim
Speaking at the ‘Korean-Uzbekistan Business Forum entitled “Economic Liberalization, Society Democratization “ at Hotel Shilla in Seoul today (Nov. 23, 2017), President Mirziyoyev said, “The Korean businesses made a considerable measure of contribution to the economic development of my country and I hope that the bilateral cooperation will further increase and widen in a much broader scale.”
The meeting, which also marked the 25th anniversary of establishment of diplomatic relations between Korea and Uzbekistan, was attended by Deputy Prime Minister and Finance Minister Kim Dong-yeon; Minister Baek Woon-kyu of trade, industry and energy; President Park Yong-man of the Korea Chamber of Commerce and Industry; Chairman Song Yeong-gil of the Northern Economic Cooperation Committee ; Chairman Sohn Kyung-sik of CJ Business Group; President Sung Sang-rok of Hyundai Engineering, CEO Kim Young-sang of POSCO-Daewoo, and representatives of small-medium industries.
From the media came Publisher-Chairman Lee Kyung-sik of The Korea Post media, who personally visited Uzbekistan on several different occasions covering the country for the Korean and international audience.
From the Uzbek side, besides President Mirziyoyev, Vice Speaker Sodyq Safoev of the Uzbek Parliament, ) Deputy Prime Minister Kuchkarov Jamshid Anvarovich for Economic Affairs, Chairman Azim Akhmedkhadjaev of State Investment Committee, Minister Elyor Ganiev for External Economy and Trade, Ambassador Vitali Fen of Uzbekistan in Seoul, former Uzbek Ambassador Botirzon Asadov to Korea, and scores of government, business other representatives of Uzbekistan.
At the beginning, a welcome and congratulatory message of President Moon Jae-in was read out to the participants of the business forum by a represent from of Korean government.
President Mirziyoyev noted the development of trade and economic relations between the two countries and mentioned improved conditions and opportunities for doing business in Uzbekistan, the country’s interest in cooperation with South Korean entrepreneurs.
Representatives of financial and business circles of South Korea highly appreciated the conditions created in Uzbekistan for doing business and expressed their readiness to further develop cooperation.
The speakers noted that the activity of South Korean investors plays an important role in the development of trade and economic ties between the two countries.
According to reports, the volume of Korea’s investments in Uzbekistan exceeded US$7 billion and there a total of 461 facilities operating in Uzbekistan with the participation of South Korean capital.