On April 30, 2025, the Alat Free Economic Zone Authority (AFEZ Authority) held an event titled “Alat Free Economic Zone: Unlocking the Potential for Korean Manufacturing Companies” in Seoul, bringing together representatives of Korean companies, key business associations, and industry stakeholders. The event was organized with the support of the Embassy of Azerbaijan in the Republic of Korea. The event opened with remarks by Mr. Ramin Hasanov, Ambassador of Azerbaijan to the Republic of Korea, who highlighted the strong trade volume between the two countries, noting that Korea remains Azerbaijan’s main trading partner in the South Caucasus. Mr. Valeh Alasgarov, Chairman of the Board of the AFEZ Authority, delivered a keynote speech outlining the investment potential of the Alat Free Economic Zone. He emphasized the Zone’s favorable business environment, including its unique legislation, attractive fiscal and non-fiscal incentives, strategic location, and the availability of industrial land plots with fully developed infrastructure and utilities. Mr. Alasgarov invited Korean manufacturing companies to take full advantage of the opportunities offered by AFEZ.The event concluded with B2B meetings and networking sessions.&nbsp; &nbsp;

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The event Alat Free Economic Zone: Unlocking the Potential for Korean Manufacturing Companies was held in Seoul, to strengthen Korean-Azerbaijani relations and explore new business opportunities

During an official visit to the Republic of Korea, the Chairman of the Board of Alat Free Economic Zone Authority (AFEZ Authority), Mr. Valeh Alasgarov, met with Mr. Jihyung Lee, Executive Vice President of the Korea Trade-Investment Promotion Agency (KOTRA). Mr. Alasgarov outlined AFEZ’s favorable business environment, including its unique legal framework, incentives for investors, strategic location, and fully equipped industrial land plots with advanced infrastructure and logistics facilities. Mr. Lee expressed strong interest and affirmed KOTRA’s willingness to explore collaboration, particularly in encouraging Korean investment in AFEZ. The meeting, supported by the Embassy of Azerbaijan in the Republic of Korea, focused on potential economic cooperation and investment opportunities within AFEZ for Korean companies.

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The Chairman of the Board of AFEZ Authority met with the Vice President of the Vice President of the Korea Trade-Investment Promotion Agency

During the visit of the Alat Free Economic Zone Authority (AFEZ Authority) delegation to the Republic of Korea, the Chairman of the Board, Mr. Valeh Alasgarov, met with the Vice President of the Korea International Trade Association (KITA), Mr. Kim Gi-Hyun. The meeting was organized with the support of the Embassy of Azerbaijan in Republic of Korea. During the meeting, Mr. Alasgarov provided information about the favorable business environment offered by AFEZ, including unique legislation, fiscal and non-fiscal incentives, transportation and logistic centers,&nbsp;as well as the availability of industrial land plots with ready-to-use on-site and off-site infrastructure and utilities. Mr. Kim Gi-Hyun expressed his appreciation for the favorable business environment provided by AFEZ and stated that KITA members seeking access to European and other markets would be interested in such opportunities. He also emphasized the importance of further cooperation between the two organizations in attracting Korean companies to AFEZ.&nbsp;&nbsp;

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The Chairman of the Board of AFEZ Authority met with the Vice President of the Korea International Trade Association

An official delegation of the Alat Free Economic Zone Authority (AFEZ Authority), headed by the Chairman of the Board, Mr. Valeh Alasgarov, paid an official visit to Seoul. The visit was organized with the support of the Embassy of Azerbaijan in Republic of Korea. As part of the visit, the Chairman of the Board of the AFEZ Authority, Mr. Valeh Alasgarov, met with the Commissioner of the Incheon Free Economic Zone (IFEZ) Administration, Mr. Yun Wok Sok. During the meeting, both sides exchanged valuable information, insights, and experiences regarding the development of free economic zones.&nbsp;&nbsp;

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The delegation of Alat Free Economic Zone Authority, led by the Chairman of the Board, paid official visit to the Republic of Korea

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