News
First Direct Charter Flight Incheon-Baku Confirmed
2025 May
AZAL’s Korean GSA, Daeju247, has confirmed the schedule for direct charter flights between Incheon and Baku this autumn. A total of four flights are scheduled from September 24 to October 21. As this is the first direct flight service between Incheon and Baku, the Azerbaijan Tourism Board plans to support tour agencies in their sales activities.
*If a minimum of 70 seats are sold, the tourism board will subsidize up to 50% of home shopping advertising expenses (with a maximum support of KRW 40 million).
Alat Free Economic Zone:
Unlocking potential for Korean manufacturing companies
2025 Afril
Ramin Hasanov, the Azerbaijani Ambassador to Korea, urged Korean companies to invest in Azerbaijan’s Alat Free Economic Zone (AFEZ) during a networking event. AFEZ boasts a strategic location near major production and export hubs like the Baku International Sea Trade Port, positioning it as a potential gateway to the Caucasus and Central Asian markets.
Ambassador Hasanov stated that Azerbaijan is pursuing a broad strategy to expand specialized industrial sites, including agri-parks, techno-parks, and industrial districts, to attract foreign investment. This initiative leverages regional connectivity projects, particularly the Trans-Caspian East-West Middle Corridor, which links Turkey to Central Asia and China.
Furthermore, Azerbaijan is developing new cities and towns using green technologies and promoting smart city, smart village, and smart farm concepts with the goal of achieving net-zero emission zones by 2050. Korean investors are also invited to participate in the restoration and reconstruction efforts in the liberated territories of the Garabagh and East Zangazur economic regions.
The original article can be found at the following news: Azerbaijan urges Korean firms to invest in Alat FEZ (The Korea Herald)
InterCHARM Korea
2024 July
The ‘InterCHARM Korea’ Expo is one of Asia’s largest international exhibitions for the beauty, cosmetics, and wellness industries, attracting numerous companies and professionals annually to showcase the latest trends and products. Each year, over 3,000 international buyers from around 50 countries visit the event. Azerbaijan’s ‘Lecheq Farm & Distillery LLC’ participated in the expo to promote their products.
Korea Import Fair
2024 July
The Azerbaijan Export and Investment Promotion Agency (AZPROMO), the Embassy of Azerbaijan, and Azerbaijani companies participated in the Korea Import Fair, hosted by the Korea Importers Association. They operated investment seminars and promotional booths to showcase Azerbaijan’s economic potential.
Azerbaijan Excellent Companies Presentation and Networking Event
2024 April
The Korea Importers Association (KOIMA) hosted an Azerbaijan Excellent Companies Presentation and Networking Event. The event was attended by the President of KOIMA, the Ambassador of Azerbaijan to South Korea, and representatives from over 30 import companies. They introduced market trends and major companies in Azerbaijan and provided an opportunity for free networking. Key products highlighted included wine, nuts, and olives, and strategies for investment in Azerbaijan were discussed. The Ambassador of Azerbaijan emphasized that the agricultural sector in Azerbaijan is open to foreign investment, and investors can receive the same incentives as domestic companies. He expressed hope that Korean companies would show great interest, as Azerbaijan is fostering exports in high-potential sectors such as agriculture and manufacturing.
Korea Importers Association Delegation Visits Azerbaijan
2024 March
The Korea Importers Association delegation visited Azerbaijan. The delegation included Kim Byung-kwan, Chairman of the Korea Importers Association, the Ambassador of South Korea to Azerbaijan, the Governor of the Azerbaijan Export and Investment Promotion Agency, and other key figures from both the public and private sectors. Over 50 companies from both countries participated in the visit.
