Publication: Monitor Volume: 3 Issue: 91

President Islam Karimov conferred yesterday in Tashkent with South Korea’s Daewoo corporation president Kim-U-Jong on the company’s massive involvement in Uzbekistan. The corporation recently commissioned the first stage of the Uz-Daewoo joint venture, Central Asia’s largest automobile-manufacturing firm, located in Asaka, Andijon region (Ferghana Valley). Built in less than two years at a cost of $660 million, and using Japanese and German equipment, the main plant is being expanded toward a production capacity of 200,000 passenger cars and minibuses annually, mainly for export to Central Asian and Middle Eastern countries. Also in Andijon region, Uz-Daewoo is currently building at an accelerated pace five plants for automobile components. Daewoo has recently agreed with the Uzbek side to expand a telecommunications joint venture in Urgench, Horezm region, and is set to open the joint venture Uz-Daewoo Bank.

The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of senior analysts Jonas Bernstein, Vladimir Socor, Stephen Foye, and analysts Ilya Malyakin, Oleg Varfolomeyev and Ilias Bogatyrev. If you have any questions regarding the content of the Monitor, please contact the foundation. If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at, by fax at 301-562-8021, or by postal mail at The Jamestown Foundation, 4516 43rd Street NW, Washington DC 20016. Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law. Copyright (c) 1983-2002 The Jamestown Foundation Site Maintenance by Johnny Flash Productions