A memo­randum of understanding on setting up a Mongolia-Democratic People’s Re­public of Korea /DPRK/ friendship joint company between governments was inked in Pyongyang April 2, reported kcna.co.jp website the same day.

Present at the signing ceremony from the N.Korean side were Ri Ryong Nam, the Minister of Foreign Trade who doubles as chairman of the DPRK side to the Inter-governmental Committee for Consultation in Economy, Trade, Science and Technol­ogy between the DPRK and Mongolia, also Hwang Min, a vice-minister of Agricul­ture who is also chairman of the Livestock Management Committee in Sepho Area, and officials concerned. Mongolia was represented by the Minister of Industry and Agriculture Kh.Battulga who is chair­man of the Mongolian side to the Inter-governmental Committee for Consultation in Economy, Trade, Science and Technol­ogy between the DPRK and Mongolia, and M.Ganbold, the Ambassador Extraor­dinary and Plenipotentiary of Mongolia to the DPRK, and his Embassy officials.

A MOU was also signed between the Ministry of Foreign Trade of the DPRK and the Ministry of Labor of Mongolia.