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Israel and South Korea sign Understanding Agreement

By JPOST.COM STAFF

NOVEMBER 22, 2010 09:08

Israel and South Korea were set to sign a Memorandum of Understanding Agreement on Monday morning, at a Singing Ceremony held by President Peres

The Agreement is the first step towards creating a joint $150 million capital fund to encourage small and medium businesses involved in trade between the two countries.

Signing for Israel will be Minister of Industry, Trade and Labor Binyamin Ben-Eliezer, signing for South Korea will be Kim Dongsun, administrator of the Authority for Small and Medium Businesses.

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