Mongolia and South Korea to bolster development cooperation
Mongolia and South Korea agree to bolster development cooperation.
Mongolia and South Korea agree to bolster development cooperation. The leaders of Mongolia and South Korea agreed to seek an increase in flights between the two nations and expand cooperation in the latest infrastructure construction and overall economic development. Mongolian President Tsakhiagiin Elbegdorj and his South Korean counterpart Park Geun-hye signed three memorandums of understanding on strengthening bilateral economic cooperation and another on cooperation in the sports sector. One of the memos 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. Last year, some 190,000 people traveled between the two cities. Under another memo, the two sides will seek to bolster cooperation in Mongolia's urban development project. The document will help South Korea export its "smart city" model to the Central Asian state, Seoul officials explained. The two countries also signed a memo 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 a memo to enhance cooperation in various areas, including energy, education, urban development, environment and public administration reform. Also, they agreed to bolster cooperation in various fields, including energy, education, urban development, the environment and public administration reform, to expand Korea's support for Mongolia's economic development projects. The two countries established formal diplomatic ties in 1990.
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