Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho met with Uzbekistan’s Deputy Prime Minister for Economic Affairs to finalize a plan to enable Korean companies to receive an unpaid amount for the Surgil Project after six years.According to the Korean Ministry of Trade, Indust
Doosan Enerbility has succeeded in winning consecutive orders from the Central Asian LNG-fired power generation market.Doosan Enerbility announced on March 22 that it received a notice to proceed (NTP) from Harbin Electric International (HEI), a Chinese EPC company, to supply equipment and materials
Hyundai Engineering has built a community center in Ahangaran, a city in Uzbekistan, and donated it to the local community, the company announced on Dec. 26.The company held a ceremony to mark the donation of the community center, which was built on the premise of a sports school in Ahangaran. The e
Daewoo E&C is seeking to enter the Uzbekistan construction market with strong support from its parent, Jungheung Group.The group's vice chairman Jung Won-ju visited Uzbekistan with Daewoo E&C officials to explore new business opportunities and exchange opinions with key Uzbek government official
Hyundai Engineering has completed the construction of a US$2.62 billion gas-to-liquid (GTL) plant in Uzbekistan.The company announced on Dec. 28 that it held a ceremony to mark the completion of Uzbekistan GTL with the attendance of Uzbek President Shavkat Mirziyoyev, Uzbek Prime Minister Abdulla Ar
The Export-Import Bank of Korea (Korea Eximbank) announced on Jan. 29 that it has signed a loan agreement with Uzbekistan's Ministry of Finance on Jan. 28 to provide the central Asian country with a total of US$160 million through the Economic Development Cooperation Fund (EDCF) Program of the K
KT held a ceremony in honor of the completion of a central power control data center in Tashkent, the capital of Uzbekistan, on Aug. 20 (local time). The data center will check power use by about eight million households across the nation.The establishment of the data center was promoted as part of
SK Engineering & Construction (E&C) announced on July 7 that it has signed an engineering service agreement with Uzbekistan's state-run oil and gas corporation Uzbekneftegaz (UNG) for a US$600 million project to modernize Bukhara Oil Refinery. The contract value is US$7.2 million.SK E&C and UNG
Uzbekistan will introduce the South Korean e-government and digital economy system.When South Korean President Moon Jae-in visited the Central Asian country in April last year, Uzbek President Shavkat Miromonovich Mirziyoyev strongly requested Korea’s assistance in building an e-government system in
SK Engineering & Construction (SK E&C) announced on Oct. 25 that it has signed a memorandum of understanding (MOU) with the Korea Energy Agency and the Ministry of Energy of Uzbekistan to renovate and modernize Mubarek Power Plant in Uzbekistan for about US$200 million.The project aims to modernize
Korea Trade International Corp. (K-sure) will expand cooperation with export credit agencies in Uzbekistan and Kazakhstan to help Korean companies enter West Asia.The corporation concluded a cooperation agreement with Uzbek Invest Uzbekistan, a local export credit agency in Tashkent, Uzbekistan, on
SK Engineering & Construction will modernize an oil refinery in Uzbekistan which will produce the central Asian country’s first eco-friendly oil products.SK E&C announced on April 21 that it signed a US$600 million contract with UNG, a state-run oil and gas corporation of Uzbekistan, to modernize Bu
Incheon Free Economic Zone (IFEZ) Authority announced on March 10 that it has signed a memorandum of understanding (MOU) with the Namangan Region Government of Uzbekistan for FEZ development and investment promotion.It is the fourth MOU between IFEZ Authority and Uzbekistan. Earlier, IFEZ Authority
The Incheon Free Economic Zone (IFEZ) has become a role model for development of free economic zones in Uzbekistan.Kim Jin-yong, president of the Incheon Free Economic Zone Authority, and Kasymov Ilzat Ablahatovich, vice governor of Tashkent State in Uzbekistan, signed an MOU on promoting the develo
KT announced on September 21 that it signed a contract with the Uzbekistan power authority to supply a smart meter and operation system, which is worth 30 billion won (US$ 25 million). In the next two years, KT plans to install a smart meter system capable of bi-directional communication with 360,00
South Korean Deputy Prime Minister Yoo Il-ho met with Deputy Prime Minister of Uzbekistan Rustam Azimov in Seoul on December 21. There, the South Korean and Uzbekistan governments agreed to an increase in Economic Development Cooperation Fund (EDCF) assistance limit from US$250 million to US$400 mil
Hyundai Engineering Co. announced on Apr. 20 that it held a groundbreaking ceremony for the Kandym gas processing plant in Uzbekistan on the 19th. The total amount of the project is US$2.66 billion (3.01 trillion won) and Hyundai Engineering's portion is US$2.01 billion (about 2.28 trillion won).The
The Government of the Republic of Uzbekistan is holding an International Investment Forum on Nov. 5-6, 2015 in Tashkent, according to a press release from the MFA of the Republic of Uzbekistan.The main objective of the event is to present the leading enterprises of the Republic of Uzbekistan include
Lotte has thrown its hat into the New York ring to compete with other global hotels. The Korean company changed the name of the New York Palace Hotel in the center of Manhattan into Lotte New York Palace in order to start its full operations on Sept. 16 (local time). Lotte New York Palace is a landm
LG CNS has established a joint venture with the MDITC of Uzbekistan in charge of developing and implementing information technology policies in an effort to spur its business in major Uzbek IT markets such as e-government systems and solar power generation. On Sept. 16, LG CNS announced that the com