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