Tashkent, Uzbekistan (UzDaily.com) —  On 6 November 2024, a meeting was held at the State Assets Agency (SAA) with a delegation led by Kim Tae Hong, CEO of Hotel Lotte Co., Ltd., a part of the Lotte Corporation (Republic of Korea).

During the meeting, the Director of the State Assets Agency highlighted that in recent years, under the leadership of President Shavkat Mirziyoyev, Uzbekistan has been undergoing systemic reforms aimed at diversifying the economy and reducing the state’s share in it.

As part of these reforms, the process of privatizing the Lotte City Hotel Tashkent Palace in Tashkent was discussed in accordance with privatization programs.

Kim Tae Hong, in turn, emphasized Hotel Lotte Co., Ltd.’s interest in doing business in Uzbekistan.

Additionally, the parties discussed opportunities for expanding cooperation in hotel management as part of the ongoing reforms actively implemented in Uzbekistan.