A group of 30 businessmen will be accompanied by the Ambassador Extraordinary and Plenipotentiary of South Korea in Uzbekistan Jong Dae Wang. Having assumed his duties a year ago, the head of the diplomatic mission said: “The priority in my work is to develop mutual economic and trade cooperation. In this regard, the visit aimed at familiarizing with opportunities created by the FIEZ for foreign investors. Since the South Korean side intends to intensify efforts to expand investment cooperation with Uzbekistan, businessmen will view the FIEZ, Navoi Airport and a complex being built in the city”.

We should recall that special customs, currency and tax rules, a simplified procedure for entry, stay and departure as well as obtaining work permission for non-resident citizens of Uzbekistan will operate for 30 years in the FIEZ. Tax incentives will be applied with a minimum investment of 3m euros.

It should also be noted that the amount of South Korean investment in Uzbekistan exceeded $2 billion. Experts predict $5 billion after the implementation of agreements reached during President Islam Karimov’s visit to the South Korea in 2010.