South Korea and Azerbaijan agreed to expand bilateral economic cooperation in infrastructure and other sectors, the South Korean Finance Ministry said Feb. 23.
Azerbaijan, located along the Caspian Sea, is known for its rich natural resources, including crude oil and natural gas.
The country is working on projects to expand its infrastructure, such as roads and railways.
During a meeting with South Korean Deputy Finance Minister Ko Hyung-kwon, Azerbaijan’s Deputy Finance Minister Emin Huseynov urged South Korean companies to join his country’s efforts to expand infrastructure.
Ko responded by saying that the Azerbaijani government should play a key role in wooing South Korean companies to the nation.
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