Deal signed on sidelines of first Korea-Central Asia summit
Bank chief vows best efforts for tangible financial support
The Export-Import Bank of Korea signed an MOU with Uzbekistan's Ministry of Investment, Industry and Trade on Monday to jointly identify strategic industries for cooperation, the bank announced Tuesday.
Under the agreement, the bank will work to identify mutually beneficial projects between the two countries and explore financial support options for them.
The six sectors covered are Uzbekistan's national strategic industries: critical minerals, AI and digital technology, advanced infrastructure, dedicated industrial complexes for Korean companies, and pharmaceuticals and biotech.
Export-Import Bank President Hwang Ki-yeon and Uzbekistan Investment, Industry and Trade Minister Laziz Kudratov signed the MOU on the sidelines of a Korea-Uzbekistan summit held as part of the first Korea-Central Asia Summit, with President Lee Jae Myung and Uzbekistan President Shavkat Mirziyoyev present.
The bank said it plans to significantly expand its strategic economic partnerships with Central Asian countries, including Uzbekistan, and support Korean companies seeking to enter those markets through a range of measures.
"We will do our best to further accelerate economic cooperation between the two countries and translate it into tangible financial support outcomes," Hwang said.
The bank recently signed a separate MOU with the African Development Bank on sustainable growth and expanded financial cooperation in Africa.
hyuk@heraldcorp.com
