Seoul to hold 1st business investment fair in Mongolia
SEOUL, Sept. 3 (Yonhap) -- South Korea will hold its first major business consultation event in Mongolia next week to help South Korean investors find local partners for new business opportunities there, a local trade agency said Friday.
The first South Korea-Mongolia Economic Cooperation Partnering event will be held in Ulan Bator on Monday, involving 15 officials from 13 South Korean firms and some 100 local business representatives, according to the Korea Trade-Investment Promotion Agency, a state-run organization better known as KOTRA.
"Mongolia is a country of great importance to us as it is a resources-rich country with some 80 kinds of minerals, including coal, copper, gold, silver and uranium," the agency said in a press release.
The country also has 20 to 30 oil fields with at least 100 million tons of oil reserves that can produce large amounts of oil in about 10 years, it said.
The South Korean delegation includes officials from Hyosung Group, the parent company of textile maker Hyosung Corp., Korea Institute of Maritime and Fisheries Technology and renewable energy developer Eco Energy Holdings.
KOTRA said the companies were especially interested in Mongolia's state projects to construct or modernize its infrastructure under the clean development mechanism program of the Kyoto Protocol that uses international assistance to help ensure sustainable development of countries.
bdk@yna.co.kr
The first South Korea-Mongolia Economic Cooperation Partnering event will be held in Ulan Bator on Monday, involving 15 officials from 13 South Korean firms and some 100 local business representatives, according to the Korea Trade-Investment Promotion Agency, a state-run organization better known as KOTRA.
"Mongolia is a country of great importance to us as it is a resources-rich country with some 80 kinds of minerals, including coal, copper, gold, silver and uranium," the agency said in a press release.
The country also has 20 to 30 oil fields with at least 100 million tons of oil reserves that can produce large amounts of oil in about 10 years, it said.
The South Korean delegation includes officials from Hyosung Group, the parent company of textile maker Hyosung Corp., Korea Institute of Maritime and Fisheries Technology and renewable energy developer Eco Energy Holdings.
KOTRA said the companies were especially interested in Mongolia's state projects to construct or modernize its infrastructure under the clean development mechanism program of the Kyoto Protocol that uses international assistance to help ensure sustainable development of countries.
bdk@yna.co.kr
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