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.