President of Mongolia Tsakhiagiin Elbegdorj visited Gyeonggi Center for Creative Economy and Innovation (GCCEI) in Pangyo near southern Seoul on May 20 during his visit to Korea. He had a summit meeting with President Park Geun-hye on May 19, and he hoped to visit GCCEI before going back to Mongolia. President Tsakhiagiin Elbegdorj was elected on May 25, 2009. He is well known for having ended 70 years of communist rule in Mongolia through the peaceful democratic revolution in 1990.
Gyeonggi Provincial Governor Nam Kyung-pil also met Bat-Uul Erdene, Mayor of Ulaanbaatar celebrating the 25th anniversary of establishing diplomatic ties between South Korea and Mongolia last year. As the Mongolian government became more interested in GCCEI along with Pangyo Techno Valley, 18 congressmen of Mongolia visited GCCEI and Pangyo Techno Valley early this year.
Lim Deok-rae, General Manager of GCCEI, made a presentation about GCCEI and Pangyo Techno Valley, welcoming the Mongolian President who showed, in particular, a great interest in Korea’s creative economy and innovation.
The general manager briefed the Mongolian President on the importance of business acceleration by introducing four GCCEI-incubated startups as an example.
“Heinosky Korea”, which produces non-combustible insulating Styrofoam, was invited to the event since the product can help endure the cold climate of -25 degrees in Mongolia. 12CM also briefed President Tsakhiagiin Elbegdorj on how their echoss smart stamp can be used to pay where there is no POS terminal. Another startup “Amadas,” which produces a digital door lock that does not consume too much battery power, also attended the event. Attocube demonstrated how their nine wooden cubes can make 2.3billion patterns.
Lee Jae-yul, Deputy Governor of Gyeonggi Provincial Government, Oh Tae-seok, Director of Ministry of Science, ICT and Future Planning, Lee Chang-jae, Director of KT and Oh Song, Korean Ambassador to Mongolia welcomed President Tsakhiagiin Elbegdorj. A lot of active exchanges between Korea and Mongolia are expected to be made in the near future in such areas IT, innovation, cluster-forming, startup exchanges and so on.