President of Azerbaijan Ilham Aliyev has today met here with chairman of the SK Group Chey Tae-won, state-run AzerTAj information news agency reported.
Tae-won informed the Head of State on the operations, prospects of the company. He said one of SK Group`s divisions is working on building the intelligent transportation system in Baku.
President Ilham Aliyev expressed hope that the intelligent transportation system, which was discussed during his visit to the Republic of Korea, would be commissioned very soon in Azerbaijan.
The Head of State underlined Korean and Azerbaijani companies are actively cooperating, adding there is good potential for expanding these ties.
SK Group was founded in 1953. It is the fourth largest conglomerate in South Korea. The SK Group is composed of 92 subsidiary and affiliate companies that share the SK brand and culture.
SK Group has more than 30,000 employees who work from 113 offices worldwide. While its business mainly based on chemical, petroleum and energy industries, it also provides services in construction, shipping, marketing, local telephone, mobile phone, high-speed Internet, and wireless broadband service WiBro. The company`s revenue reached some 80 bln dollars in 2009 alone.