OREANDA-NEWS. On June 11, 2009 The forum of business circles of Uzbekistan and South Korea was held in Tashkent. The event was organized by the Ministry of foreign economic relations, investments and trade of Uzbekistan and the subcommittee of the National assembly of South Korea.

The participants of the forum considered issues of development of trade and economic, as well as investment cooperation between the two states. In particular, the discussions covered sectors of banking and finance, oil and gas, construction, machinery building, air transportation, agriculture, mineral resources, healthcare, electronics, transport and logistics, IT and telecommunications, etc.

After the forum the cooperation exchange with participation of companies and enterprises of Uzbekistan and South Korean businessmen was held. Its participants learnt about the potential of their partners and exchanged views on cooperation and implementation of new projects.

South Korea is one of the largest investment partners of Uzbekistan. The volume of investments from this country in the Uzbek economy has exceeded USD 2 billion.

The trade turnover in 2008 comprised more than USD 1 billion. More than 350 Uzbek-South Korean joint ventures operate in Uzbekistan, along with 91 representative offices of South Korean companies.

In the framework of the forum, the foreign businessmen visited the cities of Navoi and Samarkand. As reported earlier, South Korea is actively participating in the creation of the free industrial zone in Navoi region of Uzbekistan.