Mongolia and the Republic of Korea strengthen financial cooperation. Mongolian financial regulation Committee, Securities Association of Mongolian Association of Financial Investments of the Republic of Korea jointly organized the Mongolian Capital Market Connectivity 2024: Korea in the capital of South Korea, the city of Seoul, Montsame.
Deputy Chairman of the Committee on Financial Regulation of Mongolia, Tserenbadral, noted that the event contributes to the integration of financial markets of the two countries, attracting capital for local companies through double leaflets, opening new market opportunities and expanding the investors base.
In this regard, Tserenbadral expressed confidence that today’s event will prompted South Korean investors to participate in the Mongolian stock market and invest in high -quality assets, which, in turn, will expand economic and financial cooperation even more.
The event presented reports on the state of the economy of Mongolia, investment climate and investment opportunities in the mining, energy and banking sectors.
The Mongol side noted the stabilization of macroeconomics in recent years. In particular, in the second quarter of the country’s GDP, it increased by 5.6 percent, and next year an increase of 6 percent is expected.
The Fitch Ratings International rating agency increased Mongolia’s credit rating to “b” or “stable”. Thanks to the reforms in the banking sector, the successful primary public placement of shares (IPO) of influential banks, the privatization of state companies, as well as the competent implementation of policy and regulation, the domestic market continues to grow.
It was also emphasized that changes in the legislation on the stock market and investment funds create conditions for the introduction of new financial products and attract capital through the stock market, which increases the interest of both local and foreign investors.
From the South Korean side, investors and professional participants in the stock market took part in the event, the meeting participants discussed ways to strengthen bilateral cooperation.