Chairman Hyundai Motor-Kia Motors Chung Mong-Koo gets awarded an honorary doctorate in Mongolia and meets the Mongolian president
On January 13, Chairman Chung Mong-Koo received an honorary doctorate in business management from the Mongolia National University and had a talk with the Mongolian President N. Bagabandi. In the meeting, Chairman Chung and President Bagabandi agreed to explore the alliance in auto industry as well as cultural exchange.
The honorary doctorate from the national university is known for its strict criteria for candidacy given the fact that a total of 10 degrees have been issued to worldwide celebrities over the past 60 years, including Josip B. Tito, former president of Yugoslavia, James Baker, former U.S. Secretary of State and Malaysian Prime Minister Datur S. Mahathir. The award of the degree to Chairman Chung marks the first given to business sector and is translated as the Mogolia’s specific attention and interest toward the Korean economic development.
In a thank-you speech, Chairman Chung said he believes the combination of Mongolia’s potential stemmed from its rich resources and geographical strategic point linking China and Russia and Korea’s accumulated experience in developing the economy would bring in great effect to both countries, if Mongolia and Korea further strengthen economic ties. “Kia Motors will do its best to remain as beloved car maker in Mongolia by expanding the network of dealership and maintenance shops.