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S. Korea, Mongolia Agree to Develop Cooperation

Economy

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Seoul, May 19 (QNA) - South Korea and Mongolia agreed Thursday to seek an increase in flights between the two nations and expand cooperation in the latter's infrastructure construction and overall economic development.

South Korean President Park Geun-hye and her Mongolian counterpart, Tsakhiagiin Elbegdorj, signed three memorandums of understanding (MOUs) on strengthening bilateral economic cooperation and another on cooperation in the sports sector.

One of the MOUs concerns joint efforts to actively discuss ways to increase the number of flights between the two nations. Currently, there are 12 weekly passenger flights between South Korea's western port city of Incheon and the Mongolian capital of Ulaanbaatar despite a recent increase in the number of passengers. 

Under another MOU, the two sides will seek to bolster cooperation in Mongolia's urban development project. The MOU will help South Korea export its "smart city" model to the Central Asian state, Seoul officials explained.

The two countries also signed an MOU to enhance cooperation in the quarantine process for Mongolia's livestock products. South Korea has been struggling to cope with illicit livestock imports from Mongolia, which could pose health risks here.

To expand South Korea's support for Mongolia's development projects, the two sides, moreover, inked an MOU to enhance cooperation in various areas, including energy, education, urban development, environment and public administration reform. (QNA)

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