KOTRA to support free economic zone development
Speaker of Parliament G.Zandanshatar received Member of the National Assembly of the Republic of Korea Kim Young-joo last week to discuss bilateral cooperation and relations between the countries.
Within the framework of her visit, the South Korean assemblywoman put forward numerous initiatives to support and cooperate with women, including members of the Social Democracy Mongolian Women’s Association, and expressed her commitment to organizing a joint training on the target topic.
During the meeting, Head of the Representative’s Office of Korea Trade-Investment Promotion Agency (KOTRA) Min Seong-muo suggested strengthening multilateral economic cooperation and effectively implementing projects and programs to increase trade turnover and investment. Specifically, the agency plans to support the development of free economic zones in the landlocked country by helping and connecting enterprises that are interested in investing in Mongolia.
After expressing his gratitude for the support to the development of relations between the two countries and contribution to women’s empowerment in the country, Speaker G.Zandanshatar affirmed his support for further strengthening cooperation in these areas.
At the meeting, a representative of RHP Co. Ltd. gave information on construction projects that were implemented in the South Korean public transportation sector and the latest technology and solutions for the sector.
The sides engaged in discussions on the advantages and features of light rail transit – one of the key solutions that are being considered to reduce traffic congestion in Ulaanbaatar.
They agreed to further expand bilateral inter-parliamentary cooperation and provide mutual support to boost foreign trade and investment.
Member of the National Assembly Kim Young-joo, who previously served as the minister of employment and labor of South Korea, put special emphasis on expanding regional foreign relations and cooperation in a wide range of areas, as well as encouraging woman’s participation and leadership in society.
Director of the Parliamentary Research Institute at the Secretariat of the Parliament Ts.Tsogzolmaa, Head of the Representative’s Office of KOTRA Min Seongmuo, and business owners engaged in the construction, infrastructure, and public transportation sectors of South Korea attended the meeting.