Uzbekistan opens an 11-country roadshow series supporting Korean firms
The Korea Trade-Investment Promotion Agency (KOTRA) and the Ministry of Land, Infrastructure and Transport (MOLIT) will cooperate with 11 countries, starting with Uzbekistan, to support the overseas expansion of K-Smart City.
KOTRA and MOLIT announced on April 19 that they held the ‘Uzbekistan Smart City Roadshow and Export Forum’ with 11 Korean companies on April 15.
The 11 Korean companies, equipped with innovative technologies, conducted over 70 cooperation consultations with more than 40 Uzbekistani organizations and companies, including ordering bodies and influential firms, at the smart city export consultation sessions.
From the Uzbek side, project managers from ordering bodies like Tashkent City and the New Tashkent Development Authority participated, along with technology companies interested in partnering with Korean firms and officials from the investment promotion agency to facilitate this. Following a forum introducing Uzbek projects and Korean technologies, serious meetings continued throughout the B2B consultation sessions and site visits to the ordering bodies.
In 2020, Uzbekistan announced ‘Digital Uzbekistan 2030’ and is accelerating its national digitalization, including smart cities. Notably, it has established the New Tashkent Development Authority to modernize the capital, Tashkent, and is currently implementing the ‘New Tashkent Project’.
As detailed projects related to intelligent transport systems, e-government, energy savings, and safety are being implemented in stages, Uzbek officials and technology companies also showed high interest in cooperating with Korean technology firms at this roadshow.
Director Achilov from the New Tashkent Development Authority said, “The New Tashkent Project is Uzbekistan’s top priority development project, and we plan to issue detailed projects in stages until 2030. Having confirmed Korean smart city technologies and experience applicable to the project at this roadshow, we hope to receive a transfer of Korea’s smart city development and operational know-how.”
GB Soft Inc., a Korean company specializing in contactless biosignal recognition systems, also discovered promising local clients by collaborating with ‘Unicorns.uz’, a state-owned enterprise under Uzbekistan’s Ministry of Science and Technology. The company reported that at the consultation event alone, it secured potential clients including government agencies like the Ministry of Defense and the Postal Service, as well as major corporations in the aviation and mining sectors. It was also reported that they are negotiating contracts worth 25 billion won over the next three years with these entities.
The Uzbek smart city market is projected to grow at an average annual rate of 11%, from 62millionlastyearto89 million by 2029, with high growth of over 20% expected thereafter.
A successful entry into Uzbekistan could serve as crucial practical experience for participating in projects in neighboring Central Asian countries, thus drawing high interest from Korean companies. MOLIT and KOTRA have also been expanding their support for businesses by designating the Tashkent Trade Center as one of eight Overseas Smart City Cooperation Centers since last year.
Kim Myung-hee, Executive Vice President for Innovation and Growth at KOTRA, emphasized, “Smart city is a representative field where our companies possess abundant experience and technology, including in AI, and its overseas expansion is highly anticipated. Starting with Uzbekistan, we will enhance the effectiveness of our overseas expansion by holding smart city roadshows in 11 countries* that are interested in cooperating with Korea, reflecting local demand.”
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Autor(en)/Author(s): Kim Eun-jin
Dieser Artikel ist neu veröffentlicht von / This article is republished from: Business Korea, 20.04.2026
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