QUITO, Dec. 11 (Xinhua) -- Ecuador and South Korea signed a five-year agreement to boost cooperation on mining and oil, said Ecuadorian state energy company Petroecuador in a statement Tuesday.

    According to the document, Ecuador and South Korea will exchange information, transfer technology, establish a database and promote their joint investment in oil and mining projects.

    The agreement, signed by Ecuadorian Mines and Petroleum Minister Galo Chiriboga and South Korea's Commerce Minister Kim Young-ju, will be renewed automatically in 2012 unless one of the nations disagrees.