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Presidents of Uzbekistan and South Korea discuss deepening bilateral co-op
@Source: trend.az
TASHKENT, Uzbekistan, July 24. President of
South Korea Lee Jae Myung held a telephone conversation with
President of Uzbekistan Shavkat Mirziyoyev, extending warm birthday
congratulations and discussing opportunities to deepen multifaceted
cooperation between the two nations, Trend reports.
The leaders emphasized the importance of formulating a new,
forward-looking agenda for bilateral partnership and maintaining
active, high-level diplomatic engagement. Particular attention was
given to the effective preparation of upcoming meetings, including
the Strategic Dialogue between foreign ministers and sessions of
the Intergovernmental Commission.
In recent years, mutual trade turnover and the number of joint
ventures between South Korea and Uzbekistan have demonstrated
steady growth. Direct investment by Korean companies and
organizations in Uzbekistan’s economy has now surpassed $8 billion,
reflecting strong confidence in the country’s development
Productive financial and technical cooperation continues through
partnerships with the Korea International Cooperation Agency
(KOICA) and the Export-Import Bank of Korea, further strengthening
bilateral ties.
South Korea remains a pivotal strategic trade partner for
Uzbekistan. From January to May 2025, trade turnover between the
two countries reached $709.8 million, accounting for 2.3 percent of
Uzbekistan’s total foreign trade. During this period, South Korea
ranked as Uzbekistan’s fifth-largest trading partner, underscoring
the sustained significance and growing momentum of their economic
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