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- October 16, 202612°
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- October 16, 202612°
Uzbekistan and South Korea prepare $12 billion portfolio for Eurasian partnership
During Uzbek President Shavkat Mirziyoyev’s visit to Seoul, the two countries set new steps to advance their special strategic partnership in investment, technology, security and education. The sides prepared a project portfolio worth approximately $12 billion and adopted a strategic partnership program with the Export-Import Bank of Korea.
Uzbek President Shavkat Mirziyoyev’s visit to Seoul focused on expanding the special strategic partnership between the two countries across the economic, technological and security spheres. Mirziyoyev held restricted and expanded-format talks with South Korean President Lee Jae-myung.
Lee Jae-myung described the visit as an important development in Uzbekistan-South Korea relations. Mirziyoyev called South Korea one of Uzbekistan’s trusted friends and most important economic partners.
The two sides welcomed the growth in bilateral trade and investment. More than 700 joint ventures with Korean capital operate in Uzbekistan, while dozens of projects are being carried out in healthcare, industry, information and communications technologies, agriculture, water management, energy, infrastructure and education.
Investment, critical minerals and security on the agenda
Mirziyoyev outlined five priorities for further strengthening the economic partnership. These included deepening trade ties, increasing investment, and developing cooperation in critical minerals, transport and infrastructure.
During the Seoul visit, the sides prepared a portfolio of promising projects worth approximately $12 billion. They also adopted a strategic partnership program with the Export-Import Bank of Korea.
The two sides focused on establishing an innovative, technology-driven alliance that would combine Korean technologies with Uzbekistan’s resources and industrial potential. The proposed cooperation covers information technologies, cybersecurity, advanced and digital technologies in medicine and healthcare, and pharmaceutical production.
The sides also expressed readiness to advance military-technical cooperation. The agenda included increasing contacts between institutions, organizing joint events and training military experts.
The first Interregional Forum, held before the visit, was also reviewed during the talks. The sides agreed to hold the next forum in Samarkand.
Education and cultural exchange plans
The two leaders placed particular importance on deepening cooperation in education and human-resource development. Four branches of South Korean universities operate in Uzbekistan, providing training in pedagogy, information technologies, engineering and digital technologies.
Five vocational training centers established with the support of the Korea International Cooperation Agency are also continuing their work in Uzbekistan. The centers provide young people with various opportunities to develop their knowledge and skills.
The forum of university rectors from the two countries serves an important role in sharing experience in human-resource development. Cultural exchanges increase mutual understanding between the peoples and strengthen bonds of friendship.
Mirziyoyev said Uzbekistan’s large Korean diaspora was an integral part of the country’s multinational family and formed a spiritual bridge between the two countries and their peoples. The sides agreed to declare 2027 a joint year of culture and exchange and to organize cultural events within that framework to strengthen humanitarian ties.
Agreement package covers transport to artificial intelligence
Following the high-level contacts in Seoul, the bilateral documents signed at a ceremony attended by the leaders of the two countries were exchanged. The documents cover the development of trade, the economy, investment, humanitarian ties and other areas of partnership.
The agreement package includes documents on transport, aviation, agriculture, tourism, artificial intelligence, technical assistance, higher education, school and preschool education, the regulation of medical products, the environment, combating climate change, intellectual property and archival affairs.
New initiatives for parliamentary diplomacy
As part of his state visit, Mirziyoyev also met with Cho Jung-sik, speaker of the National Assembly of South Korea, on Tuesday, September 15. The meeting addressed the contribution of the two countries’ parliaments to advancing their special strategic partnership.
The two parliaments cooperate through friendship groups, parliamentary delegations pay regular visits, and the relevant committees continue to share experience. An Electronic Parliament project is being implemented in both chambers of Uzbekistan’s Supreme Assembly with the support of the National Assembly of South Korea and the Korea International Cooperation Agency.
The sides emphasized the need to establish a mechanism for the parliaments to monitor the implementation of agreements reached during high-level talks, particularly in trade and economic ties, investment, and cultural and humanitarian relations.
The two countries also agreed to organize a series of events within the framework of parliamentary diplomacy in 2027 to mark the 35th anniversary of the establishment of diplomatic relations.
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