[THE INVESTOR] South Korea’s business community voiced hope to expand economic partnerships with Mongolia and connect Eurasian nations on July 18.

“It is important for Eurasian countries to unite and connect to ‘one continent’ in order to develop Eurasia to the next level,”

Park Yong-maan, president of the Korea Chamber of Commerce and Industry, said at a business forum held in the Mongolian capital of Ulaanbaatar.

Park noted that the Eurasian region has high potential to grow into a major economic bloc on par with the European Union, saying the ties between Seoul and Ulaanbaatar will open the gateway to the possibility.

More than 300 South Korean and Mongolian officials and business leaders attended the event. It included visiting South Korean President Park Geun-hye.

“(The two countries) should begin building up cooperation,” the KCCI president said, noting that the countries should establish a civilian network to enhance exchange and strengthen footholds for institutional cooperation.


(theinvestor@heraldcorp.com)