Ulaanbaatar /MONTSAME/ In scope of the official visit of the S.Korean President Ms Park Geun-hye, a Mongolian-S.Korean Business Forum was held at Shangri La Hotel of Ulaanbaatar. South Korea is the fourth largest trade partner of Mongolia and the seventh in investment.

S.Korea’s businessmen have been running businesses in Mongolia of public catering, hotels, healthcare and information technology. The Business forum happened to reside in important times of launching of new projects on energy, particularly, in renewable energy.

Some 190 business representatives from the Republic of Korea and 200 businesspeople and state officials from Mongolia took part in the forum, held July 18, organized by the Chambers of Commerce and Industry of Mongolia and S.Korea.

Ms Park said: “Republic of Korea is a major manufacturer of latest technologies, whereas Mongolia leads the world with its natural resources”. Therefore, the two countries have broad capacity to counter-complement each other’s economy and widen the cooperation, she emphasized. President of the Chamber of Commerce and Industry of Mongolia B.Lkhagvajav expressed his confidence in the forum in its role of upgrading the bilateral business ties, and highlighted that Mongolian businessmen are now required to pursue the international standards while running their activities.

The attendance of S.Korean President Ms Park Geun-hye in person lifted up the significance and prestige of this business forum. The representatives of two sides gave seven presentations, and signed cooperation MoUs between companies. 

Published Date:2016-07-19