S.KOREA EXTENDS USD 13 MILLION TO MONGOLIA IN AID

Ulaanbaatar, /MONTSAME/ The Republic of Korea will extend a non-refundable aid of USD 13 million to Mongolia, a Korean Prime Minister Chung Un-Chan announced.
At his meeting with visiting Mongolia's Parliamentary Speaker D.Demberel, Mr Chung Un-Chan said that it is planned to organize a variety of measures on the occasion of the 20th anniversary of the establishment of the diplomatic relations between the two countries.
"To promote trade and economic co-operation with the Republic of Korea is of great importance for Mongolia. The law making organization attaches much significance to creating favorable environment and conditions for attracting the largest investors of
S.Korea," Mr Demberel emphasized.
The Korean Prime Minister underlined that the Mongolian party needs to pay more attention to intensifying bilateral cooperation in infrastructure and mineral resources sectors making it into real business.
S.Batbayar
17.31