Trade turnover between Azerbaijan and South Korea does not fully reflect the economic potential of the two countries and much work remains to be done to this end, Chairman of Azerbaijani Parliament Ogtay Asadov has said.

President of Azerbaijan Ilham Aliyev has received a delegation led by Speaker of the National Assembly of the Republic of Korea Moon Hee-sang.

Turkmen President Gurbanguly Berdimuhamedov has approved the composition of the Turkmenistan-South Korea business council from the Turkmen side, Trend reports referring to a published presidential order.

Speaker of the National Assembly of the Republic of Korea Moon Hee-sang has arrived in Azerbaijan for an official visit.

Azerbaijani President Ilham Aliyev has sent a congratulatory letter to his South Korean counterpart Moon Jae-in.

South Korea’s central bank said on Sunday it would make up to 5 trillion won ($4.12 billion) of extremely cheap funds newly available for local banks that increase lending to smaller firms hit by the economic slowdown, Trend reports citing Reuters.

Japan’s foreign minister Taro Kono will meet his South Korean counterpart, Kang Kyung-wha, in Beijing on Wednesday, a Japanese foreign ministry official said on Monday, amid deteriorating relations between the two East Asian countries, reports Trend referring to Reuters.

North Korean leader Kim Jong Un oversaw the test-firing of a new weapon again on Friday morning, state media KCNA said on Saturday, Trend reports citing Reuters.

Chairman of the Supreme Audit Institution of the Republic of Korea sent a letter to head of the Azerbaijan Chamber of Accounts Vugar Gulmammadov with a request to support his candidacy in the upcoming election to the UN board of auditors, Trend reports referring to the chamber.

New agreement between Azerbaijan and South Korea was discussed at an extraordinary meeting of the Azerbaijani Parliament, Trend reports June 27.