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Azerbaijan studies Korean experience of state property management

11 January 2012 13:24 (UTC +04:00)

Baku. Ali Ahmadov - APA-Economics. According to the memorandum between the State Committee for Property Affairs of Azerbaijan and the Ministry of Strategy and Finance of Korea on â€œCooperation in the field of management and privatization of state propertyâ€, approved by the relevant order of the President of Azerbaijan, the State Committee conducted several measures in order to exchange experience in the management of state property in Korea.

The Committee for Property Affairs has reported that within realization of memorandum, on 10- 11 January Baku hosted a seminar on Korean experience of state property management.

The seminar was attended by Director of State property policy department of Treasury Bureau of South Korean Strategy and Finance Ministry Kim Geum-nam, his deputy Jang Hyeon-jung, manager of Korean Assets Management Corporation (KAMCO) Kim Dong-hyun.

Following the seminar possibility of Korean experienceâ€™s application in property privatization and management area in Azerbaijan was discussed.