NEWS AND EVENTS
February 17, 2013
South Korean Young One Holding Corporation Plans to Invest in Construction of Plants and Enterprises in Tashkent and Tashkent region
Main activity of the Young One Holding Corporation is the production and trade upper sport wears, shoes and bags, as well as newest materials with the use of polyether fiber and synthetic fabric. Company actively operates in Asia, Europe and America. Total assets of the Corporation exceed 2 billion US dollars.
During the meeting Chairman of State Committee on competency A. Abduhakimov spoke about tasks and directions of the committee at the current level of economic development of the Republic of Uzbekistan, particularly, about strengthening the role and share of private sector in the economy of the country. Sides thoroughly discussed the measures ongoing by the Government of the Republic of Uzbekistan on stimulating investments, contributed to the realization of innovation projects, formation of enterprises equipped with modern technological devices that produce import-occupying and export-oriented goods.
It its turn, Sung Ki Hak emphasized that taking into account favorable investment climate created in the Republic of Uzbekistan, as well as its unique logistic location, Young One Holding Corporation plans to make investment in clothes production and textile goods by way of construction of plants and export-oriented enterprises in the city of Tashkent and Tashkent region.
Chairmen of State Committee of Competency and State Joint-Stock Company Uzbekengilsanoat expressed willingness to render collaboration to Young One Holding Corporation in preparing and coordinating project documents necessary for the reinforcement of solution of issues.
At the end of the meeting, Sung Ki Hak thanked for warm reception and assured willingness of Young One Holding Corporation to perform fruitful cooperation with Uzbekistan in future. (Source: Uzreport.com).