The expanding cooperation between Uzbekistan and South Korea reflects a shift towards a more strategic partnership focused on technological modernisation, industrial development, digital transformation and long-term investment.
The growth in bilateral cooperation is underpinned by a solid economic foundation. Trade between Uzbekistan and South Korea reached approximately $1.7 billion in 2025. The volume of South Korean investment in the Uzbek economy exceeded $8 billion. There are nearly 1,000 joint ventures involving South Korean capital operating across various sectors of the Uzbek economy. Furthermore, at the start of 2026, bilateral trade increased by 12 per cent, reflecting the growing momentum of economic ties and South Korea’s strengthening role as a source of investment, technology and industrial expertise for Uzbekistan.
One of the most notable trends is the strengthening of cooperation in the energy sector. The forthcoming second Uzbekistan–Korea International Energy Forum – the ‘Energy Value Networks Forum’ – reflects both countries’ commitment to expanding cooperation in the fields of renewable energy, energy efficiency and advanced energy technologies. The holding of the second forum, following its successful launch in 2025, demonstrates the institutionalisation of the energy dialogue between the two countries.
