Azerbaijan, Korea to co-op in property management
BAKU – The Azerbaijani State Committee on Property and the South Korean Ministry of Strategy and Finance signed Thursday a memorandum of understanding on cooperation in managing state property.
It was signed during a visit of a delegation headed by Korean Deputy Minister of Strategy and Finance Bonjin Koo to Baku.
The agreement was reached to prepare the action plan to implement the provisions of the memorandum.
Kerem Hasanov, chairman of the Azerbaijani State Committee on Property, said that the State Committee attaches great importance to international cooperation. It considers necessary to use international experience to increase the efficiency of its activity.
Bonjin Koo said that the friendly relations between the two countries are developing. He spoke about the privatization process in Korea and the characteristics of state property management in the country.
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