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Korea-Azerbaijan Industry & Tech Cooperation

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Presentation on theme: "Korea-Azerbaijan Industry & Tech Cooperation"— Presentation transcript:

1 Korea-Azerbaijan Industry & Tech Cooperation
Two Map

2 CONTENTS o Introduction o Trade Landscape o Investment Landscape
o Current Focus Toward New Horizon o Industrial & Tech Tie-Ups by Sector o Conclusion

3 Introduction Introduction Korea.. Azerbaijan..

4 Introduction Korea.. Azerbaijan.. -

5 □ Milestones in Azerbaijan-Korea Relationship
Introduction □ Milestones in Azerbaijan-Korea Relationship • March 1992 Established Diplomatic Relations • May 2005 Korean President Roh Moo-Hyun Made Official Visit to Azerbaijan - Cultural Cooperation Agreement signed - Aviation Cooperation Accord signed • April 2007 Azerbaijan President Ilham Aliyev Made Official Visit to Korea - Accompanied by six ministers and other officials - More than 30 cooperation agreements covering economic sectors signed • May 2008 Korean Prime Minister Han Seung-Soo Visited Azerbaijan - Double Taxation Avoidance Cooperation Agreement signed - Korean firms sign US$530 million in contracts to build infrastructure and develop natural resources • April 2012 Azerbaijan President Ilham Aliyev Visited Korea for Seoul Nuclear Security Summit

6 Azerbaijan-Korea Trade Trend (Jan.-Aug. 2013): US$191 Million
Trade Landscape □ Trade Volume Soars, Still Huge Potential o Jumps From US$32 million in 2005 to US$282 million in 2012 o Azerbaijan offers promising export items for Korea - Crude oil Aluminum Copper Others Azerbaijan-Korea Trade Trend Two-Way Trade Volume (Jan.-Aug. 2013): US$191 Million Source: Korea International Trade Association

7 □ Made-in-Korea Brand Gaining Popularity in Azerbaijan
Trade Landscape □ Made-in-Korea Brand Gaining Popularity in Azerbaijan o High quality & moderate price driving competitiveness o Key items lead in Azerbaijan market share - Automobiles, TVs, refrigerators, others Korea-Turkey Top 10 Trade Items in 2012 Azerbaijan’s Top Ten Imports From Korea (2012) To Ten Automobile Importers to Azerbaijan Rank Item Amount (US$1,000) Change (%) 1 Passenger cars] 166,232 31.4 2 Synthetic resin 19,691 39.4 3 Cargo vehicles 18,414 19.0 4 Valves 2,195 7,427.5 5 Heavy construction equipment 14,661 72.7 6 Air conditioners 5,889 103.5 7 Electronic medical devices 1,814 -16.8 8 Automotive parts 5,240 46.9 9 Steel structures 2,074 81.6 10 Lubricating oil 1,757 366.8 Rank Country Volume (cars) Share (%) 1 Korea 14,681 28.1% 2 Russia 12,680 24.2% 3 Germany 8,156 15.6% 4 Japan 7,838 15.0% 5 U.S.A. 2,102 4.0% 6 China 1,385 2.6% 7 India 1,091 2.1% 8 United Kingdom 1,028 2.0% 9 Thailand 739 1.4% 10 Spain 476 0.9% Source: Korea Trade-Investment Promotion Agency (KOTRA) Source: 아제르바이잔 통계청

8 Korean Companies Active in Azerbaijan
Investment Landscape □ Investment Exchanges Remain Low Despite Potential o Korean investment in Azerbaijan reached US$4.2 million in 40 cases as of March 2013 o 10 Korean companies operating in Azerbaijan Korean Companies Active in Azerbaijan Name Business Line Address & Website AZKOR 건설 공사업 Khan Shushunski 72A, Nasimi Region, Baku, Azerbaijan GP 서비스업 (컨설팅·시장조사) 28 May str, 13-13, Baku, Azerbaijan - Gloria Eurasia (오락·숙박·음식·여행업) Mir Qasimov str., 10-12, Azerbaijan Daewoo International 도소매·유통 Caspian business center 5th floor, C.Cabbarly 40, Baku, Azerbaijan Samsung Electronics 13th fl., Caspian Plaza, Jabbarli Str., 44, Baku, Azerbaijan Ultra Construction 건설·공사업 2nd Floor Caspian Plaza C. Cabbarli 44, Azerbaijan Peongwha E&C Tibilisi avenue, Ministry of Transport of Azerbaijan Republic, PEC office, Azerbaijan Heerim Architects & Planners International Trade Center 208, Heydar Aliyev 95, Baku, Azerbaijan SK C&C 기타 12th Floor Caspian Plaza, Azerbaijan UNICO Logistics Baku 운송·물류 3rd floor of Prime Plaza, 12 Basti Bagirova str., Baku, Azerbaijan, AZ1065 8

9 Oil & Gas □ Oil & Gas Exports Key to Azerbaijan’s Economic Growth
Industrial & Tech Tie-Ups by Sector Oil & Gas □ Oil & Gas Exports Key to Azerbaijan’s Economic Growth o Proven Reserves: 7 billion barrels, 0.6% of world’s total o Daily Oil Production: 931,880 barrels - Domestic Consumption: 85,320 barrels - Export: 846,560 barrels o Gas development at Shah Deniz field - Capacity: 565 Bcf (plus 315 Bcf in Phase I) - One of the largest gas fields in the world

10 Oil & Gas □ Korean Interest in US$15 Billion OGPC Project
Industrial & Tech Tie-Ups by Sector Oil & Gas □ Korean Interest in US$15 Billion OGPC Project o OGPC: 1,500-hectare oil & gas processing and petrochemical complex o Construction Period: o Project Detail: Consisting of 3 block o Location: 60 kilometers from Baku, the capital of Azerbaijan o Protect Details: GPP: Gas processing plant REF: Oil refinery, including, inter alia, reformer, hydrocracker and FCCO unit PETR: Petrochemical plant, including stream cracker and polyethylene-polypropylene units Management: State Oil Company of Azerbaijan (SOCAR)

11 Construction & Infrastructure
Industrial & Tech Tie-Ups by Sector Construction & Infrastructure □ Growing Infrastructure & Construction Demand in Line With Azerbaijan’s Rapid Socio-Economic Development □ Korea Ideally Positioned to Participate in Azerbaijani Projects Based on Extensive Experience & Technology o Korean financing capacity complements expertise, experience & technology □ Major Infrastructure Projects Awarded to Korean Companies in 2013 Company Project Amount Samsung Engineering Hirim Architecture Halla Construction

12 Information & Communications
Industrial & Tech Tie-Ups by Sector Information & Communications □ Azerbaijan’s Expansion of ICT Infrastructure o Development of broadband Internet access - Envisions fiber-optic cable network for countrywide high-speed broadband Internet service - Continuation of Trans-Eurasian Information Superhighway Project □ Korea’s Proven Record in World-Class ICT Development

13 Information & Communications
Industrial & Tech Tie-Ups by Sector Information & Communications □ Major ICT Cooperation Projects o Agreement on US$3.7-million grant for establishment of e-government training centers in Azerbaijan - 15 training centers supported by Korean experts - Integral part of broad “Electronic Azerbaijan” vision o Establishment of state-of-the-art ICT demonstration venue for e-learning - Sharing of Korean expertise & experience in digital education o Establishment of KIPOnet - Korea-developed electronic intellectual property support system - Online platform for patent applications & receipt, active technology database with search function, online payment of patent-related fees o SK C&C engaged in ICT system & solution establishment - Address registration information system - Intelligent transportation system (ITS)

14 Industrial & Tech Tie-Ups by Sector
Agriculture □ Azerbaijan Plan to Double Agricultural Production by 2020 o 6-7% growth projected for 2013 - Essential to improving living standards □ Potential Cooperation with Korea in Various Areas o Training of skilled manpower o Grants & technical assistance o Development of e-agriculture system □ Increased Agro Machinery Demand o Expanded farmland and greater mechanization fuel demand o Various products, ranging from motorized tractors to hand-operated shovels

15 Defense Industry Water
Industrial & Tech Tie-Ups by Sector Defense Industry □ Agreement to Sign Korea-Azerbaijan Defense Exchange MOU o Bilateral Deputy Defense Ministers’ Meeting (August 2013) - Agenda: Exchanges in defense education, defense industry cooperation Water □ Korean Support to Improve Water & Sewage Service for Absheron District o Grant: US$26.18 million o Facilities: Two water reservoirs, sewage treatment o Construction Period:

16 Conclusion

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