Today South Korea is one of the largest investment partners of Uzbekistan. Over the years of cooperation, the total volume of declared Korean investments into the economy of Uzbekistan has exceeded $7 billion. 　 Currently, the number of enterprises with Korean investments in Uzbekistan has exceeded 900, of which about 550 are formed with 100 percent Korean capital. The activities of these enterprises specialize mainly in trade, light mining, chemicals, food, mechanical engineering and metalwork

The foundation for the development of bilateral relations between our states was laid out on Dec. 30, 1991, when South Korea was among the first to recognize the independence of Uzbekistan. Diplomatic relations were established on Jan. 29, 1992. Since that moment, an active political dialogue has been conducted between the two states, as evidenced by the 17 summit meetings held over this 29-year period. The regular dialogue between the leaders of two countries, which has become one of the disti

Twice decided to cancel the first show of its three-day concert that was originally planned to start from Dec. 24-26. 　 This is to keep in line with strengthened measures to curb the recent upsurge in COVID-19 cases, according to which the concert venue has to close at 10 p.m. The first day’s concert was to begin at 7:30 p.m. and running time was 2 1/2 hours. 　 The concerts on the following two days start at 6 p.m. and 5 p.m. respectively and will be held as scheduled. The Sunday concer

The US Federal Reserve recently said it would wrap up its pandemic-era bond purchases in March, signaling as many as three rate hikes by the end of 2022. While the South Korean financial authorities have expressed confidence that the expected rate hikes will have minimal impact on the local market, experts were divided on the matter as of Friday. The nation’s First Vice Finance Minister Lee Eog-won said Thursday that the US Fed’s latest decision was within market expectations, res

South Korea is an essential partner in the global semiconductor supply chain and has much more to offer, a visiting senior US diplomat in charge of economic and trade policy said Friday.  Jose Fernandez, US undersecretary of state for economic growth, energy and the environment, made the remark at the start of the sixth Senior Economic Dialogue with Second Vice Foreign Minister Choi Jong-moon. Marking his first trip to the region since taking office in August, his weeklong trip to Tokyo

British helicopter operator Bristow Group Inc. has pre-ordered about 20-50 electric air mobility aircraft being jointly developed by South Korea's Hanwha Systems Co. and US Overair, according to industry sources Friday. Overair, the California-based air taxi startup, signed a memorandum of understanding with Bristow on Thursday (local time), to collaborate on the development and commercialization plans for "Butterfly," an all-electric vertical take-off and landing (eVTOL) aircraft, or

South Korean stocks rose for a third straight session on Friday, as foreign investors snapped up local stocks on eased uncertainty about the US monetary policy. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) increased 11.32 points, or 0.38 percent, to close at 3,017.73 points. Trading volume was moderate at about 438 million shares worth some 11.2 trillion won ($9.5 billion), with gainers outnumbering losers 510 to 344. Foreigners bought a n

As strengthened COVID-19 measures prevent movie theaters from screening after 10 p.m. starting Saturday, the film industry has strongly opposed the move. Five relevant organizations, including the Producers Guild of Korea and Directors Guild of Korea’s board of directors, issued a joint emergency statement Thursday stating that although they support the government’s revised measures, the industry strongly requests reconsideration of the operating hours for theaters. Under the new

Yoon Suk-yeol, the presidential candidate for the main opposition People Power Party, bowed his head and apologized Friday for the controversy over allegations his spouse Kim Keon-hee had made false claims about her career history. "I am sorry for causing concern to the public over the controversy related to my wife," Yoon told reporters. "Regardless of the reason, I make it clear that the fact that (she) caused controversy without accurately writing down her career does not fi

Expressing a wish for harmony and peace among different religions, the Jogye Order of Korean Buddhism will light up lanterns in front of the main Buddhist temple of Jogyesa in Jongno, central Seoul, to celebrate Christmas, starting at 6 p.m. on Friday. The lanterns will be illuminated through Dec. 28. “Jesus did not discriminate between those who have and those who do not, those who are learned and those who are not and broke barriers in practicing tolerance. We continue to remember this

Singer and entertainer Kim Jong-kook released his doping test results Thursday, in a bid to clear himself of suspicions of steroid use. Kim uploaded an 18-minute video on his YouTube channel on Thursday, showing clips of videos showing himself submitting to doping tests on Nov. 13 and receiving the test results on Dec. 9. The video included his message to the public and to the Canadian bodybuilder Greg Doucette, who had alleged steroid use by Kim. Kim’s doping tests were conducted by th

Gangnam-gu posts 3 percent increase in October-December period