South Korean company Hansae Mobility has opened an automotive components plant in the Kuvasay branch of the Kokand Free Economic Zone in Uzbekistan's Fergana region. Investments in the project amounted to $30 million. The enterprise has already started fulfilling orders, and its launch is seen as a new stage in the development of the region's industry and economic cooperation between Uzbekistan and South Korea.
Over 100 jobs have been created at the plant. By the end of 2026, the staff is planned to increase to 140 employees, and eventually to 250. The company is negotiating new contracts and intends to expand its production and service capacities, attract local suppliers, and increase the level of localization of its products.
During a visit to the enterprise, Fergana region khokim Khayrullo Bozorov discussed with the Hansae Mobility delegation further production development, assortment expansion, and supply of auto components to the markets of Central Asia and Europe. The parties also considered potential investment projects in the textile industry and opportunities to attract new South Korean investors to the region. An agreement on continued cooperation was reached following the negotiations.