The Korea Herald and the Embassy of Uzbekistan in South Korea signed a memorandum of understanding to expand media cooperation on Thursday.

A signing ceremony was held at the embassy in Hannam-dong, Seoul, Oct. 7, with Ambassador Vitali V. Fen and Korea Herald CEO Choi Jin-young in attendance.

Uzbekistan offers many opportunities for joint investment projects, Fen said. He mentioned climate change, energy, establishing inclusive infrastructure, the transition to a low-carbon economy, and Korea’s advanced science and technology and experience.

Uzbekistan and Korea have cooperated on various infrastructure projects in Uzbekistan, Fen added, such as the construction of Tashkent Children’s Hospital and Korea International University, but he said many more opportunities remain in the health, pharmaceuticals and raw materials sectors.

The COVID-19 period is a crucial time to lay the foundation, expand business, and strengthen the trade and cultural relationships between Korea and Uzbekistan, he said.

The ambassador also expressed keen interest in the upcoming Eurasian Economic Forum, which The Korea Herald is organizing this month as part of efforts to better communicate with the public and private sectors.

Choi said the memorandum would contribute to mutual awareness and bilateral prospects between Korea and Uzbekistan and would deepen bilateral cooperation while making use of Korea’s outstanding global media content.

Choi noted that Uzbekistan and Korea had developed a strategic partnership in the economic and trade fields and had pursued multifaceted cooperation.

“Increasing the readership of The Korea Herald that focuses on global news and digital content production would invigorate cultural and human exchanges with Uzbekistan in coming years,” he said.