MOU signed with Korean Start-Up Promotion AgencyEconomy
Ulaanbaatar /MONTSAME/ On January 6, the Start-up Promotion Agency announced that it had signed a Memorandum of Understanding (MOU) online for the cooperation of the Young Entrepreneurs Council of Mongolia to foster cooperation between the two startups and to create a foundation for Mongolia's start-up life system, including the knowledge of laws and institutions
The Young Entrepreneurs Council was established in 2018 to bring startup and entrepreneurship to Mongolia.
The signing of the Memorandum of Understanding was aimed at establishing a cooperative relationship between the two countries to revitalize start-up life-based exchanges and develop startups, and to comply with the laws and regulations related to start-up and investment in the Republic of Korea.
Kim Kwang-hyun, director of the Start-up Promotion Agency, said, "We hope that by gaining knowledge and experience related to Startups in Korea to Mongolia, we will contribute to the development of Mongolia's startup ecosystem and enable startup cooperation between Korea and Mongolia."