55% Ownership of “Ulaanbaatar Smart Card” Company Transferred From a Korean Company to the Capital City

In 2014, the Governor of the capital and the “Data Card Consortium” signed an “Agreement on the Implementation of the Project for the Introduction of a Management, Information and Electronic Payment System for Public Transport Services in Ulaanbaatar City”, and together with the project implementer, they established “Ulaanbaatar Smart Card” LLC with the capital’s equity participation, and the capital owned 24 percent of the company. The capital …