Deputy Foreign Minister meets S. Korean Vice-Minister of SMEs and Startups

Society
anudari@montsame.gov.mn
2019-06-28 17:21:51

Ulaanbaatar /MONTSAME/ Deputy Minister of Foreign Affairs B.Battsetseg met with Vice Minister of Small and medium-sized enterprises and Startups of the Republic of Korea, exchanging views on the intensification of bilateral trade, investment and economic cooperation and expansion of partnerships between SMEs.


The deputy ministers agreed to place government-level focus on and closely cooperate in the development of relations and cooperation between private sectors and startups of the two countries.


The South Korean side made proposals to re-establish the Memorandum of Cooperation between the two countries’ ministries in charge of SME sector and hold competitions between young businesses to support initiatives of the startups. 


Deputy Minister B.Battsetseg voiced her willingness to collaborate mainly in exporting products of Mongolian SMEs to South Korea and other third markets and introducing South Korea’s IT experience into Mongolia.