Mr. B.Bayarsaikhan, the Chairman of National Development Agency, has signed a Memorandum of Understanding on Cooperation with Mr. Kwon Pyunh-Oh, President and CEO of Korea Trade-Investment Promotion Agency, on November 12, 2018 in Seoul, Republic of Korea. The purpose of the Memorandum is to strengthen the mutual cooperation and further expand friendly relations between the two organizations.
The Korea Trade-Investment Promotion Agency (KOTRA) is committed to promoting foreign trade, domestic and foreign investment of Republic of Korea. In addition, it is one of the top-ranked government organizations in the world for trade and investment promotion with best policy, experience, and operation.
With the establishment of the Memorandum, the two organizations will have the opportunity to promote and facilitate investments, improve the services provided to investors, exchange information on foreign and domestic investment, and promote the cooperation between investors and businesses between the two countries and to successfully implement investment-seeking projects. Furthermore, it was the initial and significant step forward for our future cooperation and will further foster trade, investment and businesses of our two countries.