The visit of Korean delegation for communication and IT is expected to Baku in late August, Trend reports with reference to the Ministry of Communication and IT.
The primary objective of the visit is to discuss the projects envisaged by Korean-Azerbaijani Cooperation memorandum signed in May in Baku. The work under new projects is starting in 2007.
The issue regarding the situation with Daewoo Corporation contract on ICT equiopment installation in Nakhchivan has also been solved. By the totals of long conversations Korean delegation agreed to partial repayment of $4.5mln by Azerbaijan instead of previously demanded $9mln.