South Korea To Help Mongolia Achieve Maritine Transportation Capability

SEOUL, Aug 24 (Bernama) -- South Korea plans to help Mongolia to build up maritime transportation capability in exchange for gaining access to the landlocked country's abundant natural resources, Yonhap news agency said Tuesday.

The Ministry of Land, Transport and Maritime Affairs said Seoul aims to train sailors, share commercial maritime management systems and allow Mongolian ships to use its port facilities.

The move will be carried out alongside current efforts to enhance overall logistics networking in Northeast Asia that can create new business opportunities for local companies.

South Korea possess the world's fifth-largest commercial shipping fleet, while Mongolia is considered one of the top 10 producers of various natural resources such as coal, copper, molybdenum and uranium.

"Under the scheme, Mongolian natural resources can be moved by rail and ship to South Korea where they will be shipped out to other countries," a ministry official said.

He added this relationship could be a win-win arrangement since Mongolia can diversify where it sells its natural resources and create an indigenous maritime transportation industry that can lead to more jobs vital for sustained economic growth.


For South Korea, closer cooperation with Mongolia can allow it to gain access to natural resources and win orders for vessels and ship-related financial services down the road.

The ministry, in addition, said that Seoul also can assist Mongolia secure the use of foreign ports in China and Russia so it can better export its resources.

Source:BERNAMA, News Wire service of Malaysia

Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic