
Korean-style address system’s first overseas profitable business, business size approximately $330,000
AI-generated summary
Korea has been promoting cooperation with Uzbekistan, including conducting a feasibility study on the address system modernization project, signing a memorandum of understanding on cooperation, strengthening capacity, and providing local training and consulting.
The Ministry of Public Administration and Security announced on the 4th that Korea was selected as the target for the 'Technical Support Project for Building the Uzbekistan National Address Register' ordered by the Uzbekistan Cadastral Agency.
Korean Type (K) - Address's first overseas profitable business order, with a project size of approximately $330,000 (approximately KRW 440 million).
This project is a project ordered by Uzbekistan for the world, and is a consulting project to modernize the legal, institutional, and technical basis of address administration.
This is the result of fierce competition with European countries such as France, Spain, Norway, Poland, and Hungary, which remained until the end among the countries that expressed interest in the bidding.
So far, Korea has been promoting cooperation with Uzbekistan, including conducting a feasibility study on the address system modernization project, signing a memorandum of understanding on address system modernization cooperation, capacity building, and local training and consulting.
Uzbekistan's Cadastral Agency and the Korea Land and Infrastructure Information Corporation, the consortium's lead contractor, will hold a local start-up briefing and first field survey on the 5th and conduct an on-site inspection of the pilot project site.
From the 22nd to the 28th of this month, six digital and address managers, including the Deputy Director of Uzbekistan's Cadastral Agency, will be invited to Korea for 'K-Address Capacity Building Training'.
Through the training, we plan to transfer experience in refining Korea's address-related laws and systems and how to operate the address information management system, and secure momentum for the local address improvement project in Uzbekistan.
Kim Min-jae, Vice Minister of Public Administration and Security, said, "This contract for the Uzbekistan project is recognition of the excellence of the K-address system on the international stage. We will continue to strengthen public-private cooperation and support companies' overseas expansion so that K-address can spread to each country as a global standard."
AI outlook — possibilities, not facts
It is highly likely that Korea will further participate in Uzbekistan's address improvement project.
Likely · Within months

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