Azerbaijan and South Korea Agree upon Mutual Cooperation
Azerbaijan, Baku, 19 May / corr Trend U.Ismayilova / The Entrepreneurs of Azerbaijan and South Korea signed four memorandums on cooperation in Baku on 19 May.
The Azerbaijani and Korean institutes of electricity signed a memorandum on researches into energy resources. Another memorandum was signed among the State Oil Company of Azerbaijan (SOCAR), the Azerbaijani Investment Company (AIC) and Korean STX on joint construction of ship-building plant.
The third memorandum was signed between the Korean company KALON and Azerbaijani company AZERSUN on joint production of hygiene products.
The fourth memorandum on cooperation in investments and securities was signed between the Azerbaijani Investment Company and the Korean organization.
On 19 May a large Korean delegation led by South Korean Prime Minster Han Seung-su arrived in Baku to sign memorandums on further cooperation between the entrepreneurs of Azerbaijan and South Korea.
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