According to Yonhap News,
(SEJONG=Yonhap News) South Korea and Uzbekistan discussed ways to expand bilateral economic cooperation in the investment, infrastructure and energy development sectors Wednesday, the trade ministry in Sejong said.
Led by South Korea's Trade Minister Joo Hyung-hwan and Uzbek Finance Minister Rustam Azimov, the two countries held the eighth round of economic and trade talks in Seoul to bolster trade and help more South Korean firms participate in infrastructure projects in the Central Asian country, according to the ministry.
Uzbekistan is working on a number of energy developing projects, including a US$4 billion project to build olefin facilities in the country and a $1 billion one to construct 100 megawatt solar power plants.
The two sides also agreed to set up a trade consulting desk to help their exporters do business in each other's country in an easier way.
Uzbekistan is South Korea's biggest trade partner in the Central Asian region, with trade reaching US$1.3 billion last year, down from $2.1 billion a year earlier.
brk@yna.co.kr
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Source: Yonhap News (Sep. 28, 2016)