Interest in Uzbekistan's technology market is growing among Korean companies.

The Uzbekistan Outsourcing Conference recently took place in Seoul, an event dedicated to the vast potential of Uzbekistan's IT sector and business process outsourcing industry. The conference attracted around 100 participants, highlighting the growing international interest in Uzbekistan as a leading destination for outsourcing.

Several presentations were delivered at the conference covering key topics such as business registration procedures, tax incentives for IT Park residents, and strategies for leveraging Uzbek IT specialists proficient in Korean on the Korean market. Particular attention was given to human capital, specifically the number of experienced professionals and the availability of young talent for training and future employment. Participants showed interest in collaboration opportunities with major players in startup projects and the accessibility of a talent pool for future hiring.

A key highlight of the conference was the presentation of effective tax incentives in Uzbekistan and the opportunities provided by the multiple-entry IT visa valid for up to three years, which simplifies the process of working in Uzbekistan for investors, company founders, and IT specialists. Korean companies such as LG CNS and MK Soft/Softhub Global shared their experience of successful operations in Uzbekistan, explaining the reasons why they chose Uzbekistan as their IT hub.

The main outcome was the expression of interest in outsourcing to Uzbekistan by Korean companies, including Lotte Innovation, Eurasia, and NewConTek Inc. Additionally, companies BizData and Croxhi announced their plans to become residents of IT Park Uzbekistan.

Source: it-park.uz