KTX first export in 20 years, runs to Uzbekistan

2024-06-15 05:12:06

The event of the 尹 summit… KRW 270 billion
Provide-maintenance contract for 42 automobiles
Cooperation within the provide chain of minerals reminiscent of tungsten

Uzbek President and Honor Guard Inspection President Yoon Seok-yeol is inspecting the glory guard with Uzbek President Shopkat Mirziyoyev (proper) on the official welcoming ceremony held within the sq. in entrance of the guesthouse of the Presidential Palace in Tashkent, Uzbekistan, on the morning of the 14th (native time). With President Yoon’s state go to as a chance, Hyundai Rotem signed a contract value 270 billion received to export 42 250 km/h high-speed rail vehicles to the Uzbekistan Railway Company. Tashkent = Reporter Choi Hyuk-joong [email protected]

On the event of President Yoon Seok-yeol’s state go to to Uzbekistan, Hyundai Rotem signed a 270 billion received contract on the 14th (native time) to export 42 250 km/h high-speed rail automobiles (6 trains in complete) to Uzbekistan. The President’s Workplace introduced that this yr, marking the twentieth anniversary of the introduction of the KTX, it was the primary export of a high-speed rail car developed with Korea’s personal collected expertise.

President Yoon, who’s touring three Central Asian nations, held a summit assembly with Uzbekistan President Shopkart Mirziyoyev on the Presidential Palace in Tashkent and stated in a joint announcement, “That is the primary export case of a high-speed rail car developed with our expertise,” including, “Uzbekistan’s railway infrastructure. “It’s going to contribute to enchancment and result in expanded cooperation within the total railway sector between the 2 nations, together with high-speed rail operation,” he stated. On this present day, Hyundai Rotem signed a contract with the Uzbekistan Railway Company to provide 42 ‘UTY EMU-250’ automobiles and supply upkeep (2 years for gentle upkeep, 9 months for heavy upkeep). A memorandum of understanding (MOU) for high-speed practice operation and upkeep was additionally adopted between the 2 nations. Minister of Land, Infrastructure and Transport Park Sang-woo stated, “The localization fee of automobiles has reached 87%. “It signifies that 126 small and medium-sized companies are getting into the abroad market along with Hyundai Rotem.”

The 2 nations additionally agreed to actively cooperate in successful orders for large-scale infrastructure initiatives (roughly 5.35 billion {dollars}) such because the Tashkent-Andijan freeway, which is scheduled to be tendered within the second half of the yr. The Ministry of Commerce, Business and Vitality and the Ministry of Development and Public Housing of Uzbekistan and the Ministry of Vitality signed a district heating modernization cooperation settlement to safe an export base.

The 2 nations additionally signed a provide chain cooperation partnership for key secondary battery minerals reminiscent of tungsten and molybdenum. President Yoon stated, “We’ve determined to maximise the synergy of provide chain cooperation between the 2 nations by combining Uzbekistan’s plentiful mineral sources and Korea’s wonderful technological capabilities.” He added, “If financial feasibility is confirmed, we’ll actively cooperate to make sure that our corporations can take part first.” did. On the Korea-Uzbekistan Enterprise Discussion board, President Yoon stated, “Financial cooperation between the 2 nations started when the Daewoo Motors manufacturing facility broke floor in Asaka Metropolis in 1994,” and added, “Uzbekistan is now a consultant of the Central Asian vehicle business, producing 400,000 vehicles yearly.” “I grew to become a runner,” he stated. 47 varied cooperation paperwork have been signed, together with 17 cooperation paperwork signed within the presence of the pinnacle of state.

Korea additionally signed a bilateral negotiation protocol for Uzbekistan’s accession to the World Commerce Group (WTO) and agreed to assist Uzbekistan be part of the WTO. Uzbekistan, a number one nation within the area of non-proliferation in Central Asia, additionally confirmed help for North Korea’s push for full denuclearization and compliance with its obligations below UN Safety Council resolutions.

Turkmenistan’s nationwide canine, Alabai, which President Yoon obtained as a present on the eleventh, is scheduled to undergo quarantine procedures and arrive in Korea on the 18th by cargo aircraft. Two Alabai (female and male) come to the Yongsan Presidential Workplace and play on the garden to adapt to Korea. Afterwards, President Yoon plans to take him to his official residence in Hannam-dong and lift him. The overall variety of canine owned by President Yoon and his spouse will increase to eight.

Tashkent = Reporter Jang Seok [email protected]

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2024-06-15 05:12:06