Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Medical reform committee kicks off despite boycott from doctors
-
3
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
4
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
5
DP leader says he will meet Yoon without conditions
-
6
Over 9,000 hotline calls made by stalking victims in 2023
-
7
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
-
8
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
9
Monthly users on local streaming platforms outpace Netflix, Disney+
-
10
US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
[THE INVESTOR] South Korea and Uzbekistan on Sept. 29 signed a memorandum of understanding on new infrastructure projects in the Central Asian country, the Finance Ministry here said.
South Korea’s Finance Minister Yoo Il-ho and his Uzbek counterpart Rustam Azimov held a meeting in Seoul to discuss ways to bolster economic cooperation between the two countries and expand the participation of South Korean companies in government-led projects in Tashkent, according to the ministry.
Under the MOU, the Seoul government will contribute to a fund to build an airport passenger terminal in Tashkent worth US$350 million and establish a national data center.
South Korea will invest a total of $250 million through the Korea Economic Development Cooperation Fund or EDCF, a state-run fund launched in 1987 aimed at helping developing and less-developed countries by providing loans that carry low interest rates. Uzbekistan will shoulder $100 million for the project.
“I expect South Korea and Uzbek companies to become close cooperative business partners to carry out such projects,” Yoo said. “The government will seek ways to support them.”
(theinvestor@heraldcorp.com)
South Korea’s Finance Minister Yoo Il-ho and his Uzbek counterpart Rustam Azimov held a meeting in Seoul to discuss ways to bolster economic cooperation between the two countries and expand the participation of South Korean companies in government-led projects in Tashkent, according to the ministry.
Under the MOU, the Seoul government will contribute to a fund to build an airport passenger terminal in Tashkent worth US$350 million and establish a national data center.
South Korea will invest a total of $250 million through the Korea Economic Development Cooperation Fund or EDCF, a state-run fund launched in 1987 aimed at helping developing and less-developed countries by providing loans that carry low interest rates. Uzbekistan will shoulder $100 million for the project.
“I expect South Korea and Uzbek companies to become close cooperative business partners to carry out such projects,” Yoo said. “The government will seek ways to support them.”
(theinvestor@heraldcorp.com)
