Lee, chipmakers discuss W100tr-plus regional chip investment

President Lee Jae Myung is expected to meet Samsung Electronics Chairman Lee Jae-yong on Thursday as the government enters the final stage of discussions on a major semiconductor investment package outside the Seoul metropolitan area, according to industry sources on Wednesday. The meeting is expected to focus on Korea's semiconductor strategy, artificial intelligence and regional development, including potential investments in new chip manufacturing and advanced semiconductor facilities in the

2026-06-24 15:01:23:00

Korea secures softer EU steel quota cut, minister says

South Korea has made progress in talks with the European Union over steel tariff-rate quotas, Industry Minister Kim Jung-kwan said, raising hopes that Korean exporters may face a smaller cut than the bloc's planned overall reduction. In a wide-ranging briefing in Sejong on Monday, Kim also discussed corporate bonus dispute, chip-related tax revenue, Canada's submarine tender and possible new semiconductor production sites. Kim said the biggest outcome of his recent trip to Kazakhstan, Europe and

2026-06-23 14:51:29:00

[Uzbekistan Forum] Uzbekistan looks to Korea for airport city, data center development

TASHKENT, Uzbekistan — Uzbekistan's Deputy Prime Minister Jamshid Khodjaev and Jung Won-ju, chairman of Herald Media Group, Jungheung Group and Daewoo Engineering & Construction, discussed potential cooperation on data centers near the planned Tashkent Airport and set up a possible project agenda ahead of the Korea-Central Asia summit in Seoul in September. During a meeting in Tashkent on June 17, Khodjaev proposed that Daewoo E&C review ways to develop data centers within the airport-linked urb

2026-06-22 13:49:50:00

Uzbekistan unveils six-point plan for foreign investment

TASHKENT, Uzbekistan — Uzbek President Shavkat Mirziyoyev unveiled a six-point investment agenda at Tashkent International Investment Forum that includes a financial center based on English and Welshcommon law, an international commercial court and incentives for artificial intelligence projects, as Uzbekistan seeks to attract more foreign capital. The three-day forum, regarded as Central Asia's largest investment gathering, was held from June 16, attracting more than 8,000 participants from 99

2026-06-22 10:26:28:00

[Uzbekistan Forum] Korea, Uzbekistan map next phase of economic cooperation

TASHKENT, Uzbekistan — South Korea and Uzbekistan moved to deepen their economic partnership beyond infrastructure cooperation, as some 500 government officials, lawmakers and business leaders gathered for a business forum last week. The Korea-Uzbekistan Business Forum, jointly organized by Herald Media Group — publisher of The Korea Herald and The Herald Business — and Uzbekistan’s Ministry of Investment, Industry and Trade, was held Tuesday as both countries seek to broaden cooperation in tran

2026-06-21 17:36:23:00

[Uzbekistan Forum] Korea calls Uzbekistan key partner in Central Asia push

TASHKENT, Uzbekistan — South Korea sees Uzbekistan as its most important partner in Central Asia as Seoul seeks to deepen regional cooperation ahead of the first Korea-Central Asia Summit later this year, a South Korean Industry Ministry official said. "The year 2026 is significant for Korea and Central Asia, with the inaugural summit set to mark a new stage in our relationship," Kim Young-man, director general for trade policy coordination at the Ministry of Trade, Industry and Resources, said

2026-06-21 17:15:20:00

[Uzbekistan Forum] Korean lawmakers seek next phase in Uzbekistan ties through minerals, AI

TASHKENT, Uzbekistan — Korean lawmakers pledged parliamentary support for expanding Korea-Uzbekistan economic ties beyond infrastructure and manufacturing into supply chains, advanced industries and cultural exchange, as the two countries prepare for a Seoul summit in September. At the Korea-Uzbekistan Business Forum on Tuesday, Rep. Kim Kyo-heung of the ruling Democratic Party of Korea and Rep. Yoon Jae-ok of the main opposition People Power Party said the two countries’ partnership has become

2026-06-21 17:08:44:00

[Uzbekistan Forum] KIND eyes airport, smart city projects in Uzbekistan

TASHKENT, Uzbekistan -- Korea Overseas Infrastructure and Urban Development Corp. (KIND) said it was pushing ahead with airport, bio-cluster and smart city projects in Uzbekistan, as the Korean state-backed infrastructure investor seeks to expand its role in the fast-growing Central Asian market. Speaking at the Korea-Uzbekistan Business Forum 2026 on Tuesday, KIND CEO Kim Bok-hwan said Uzbekistan’s strategic location — at the heart of Central Asia and along the Silk Road — meant that infrastruc

2026-06-21 17:06:48:00

[Uzbekistan Forum] Eximbank Korea eyes bigger role as Uzbekistan seeks Korean capital

TASHKENT, Uzbekistan — South Korea's state export lender said it was ready to finance a new wave of Korea-Uzbekistan projects, as Tashkent seeks to draw more Korean capital into infrastructure, supply chains and technology-driven industries on the back of economic reforms. Speaking at the Korea-Uzbekistan Business Forum 2026 in Tashkent, Seo Jung-hwa, senior executive director of the Export-Import Bank of Korea, said Eximbank aimed to help convert government-level cooperation between the two cou

2026-06-21 17:05:54:00

[Uzbekistan Forum] Incheon Airport backs Uzbekistan’s aviation hub ambitions

TASHKENT, Uzbekistan — Incheon International Airport Corp. is moving to turn Uzbekistan’s rapidly growing air travel demand into its next overseas growth engine, joining major airport development projects in Tashkent and Urgench as country seeks to make itself a regional aviation hub. Speaking at the Korea-Uzbekistan Business Forum in Tashkent, Lee Sang-yong, executive director of IIAC’s new business division, said the Korean airport operator aimed to apply its experience in developing and runni

2026-06-21 17:04:11:00