KINTEX has joined hands with Mongolia's largest economic organization to promote business exchange between the two countries.
KINTEX said it signed a memorandum of understanding (MOU) with the Mongolian National Chamber of Commerce and Industry (MNCCI) on exhibition industry cooperation at KINTEX Hall 1 on Wednesday. Lee Min-woo, CEO of KINTEX, and Batarzav Lkhagvazav, chairman of the MNCCI, attended the signing ceremony.
The two organizations agreed to cooperate in sharing and promoting exhibition information, supporting the participation of companies from both countries in exhibitions, exchanging exhibition industry information, and strengthening business networks.
The agreement comes amid expanding economic exchange between Korea and Mongolia. Mongolia holds growth potential in natural fibers such as cashmere, minerals and the food industry, driving rising demand for industrial cooperation between the two countries.
As the first outcome of the partnership, KINTEX will support the participation of Mongolian companies in the International Textile and Sewing Industry Exhibition (TEX+VISION) scheduled for October. The exhibition is an integrated platform covering the entire industrial process from textiles and sewing to processing and laundry.
"Cooperation with KINTEX, which has world-class exhibition infrastructure, will be a great help to Mongolian companies," MNCCI Chairman Batarzav Lkhagvazav said.
"Along with infrastructure innovations such as the opening of the GTX-A, KINTEX is growing into a business hub that global companies seek out first," KINTEX CEO Lee Min-woo said. "Through agreements like this, KINTEX will make further efforts to expand opportunities for outstanding Korean small and medium-sized enterprises to enter global markets."
