KOICA Presents The Asia Foundation with ‘Best Partnership’ Award

On December 28, the Korea International Cooperation Agency (KOICA) presented the ‘Best Partnership’ award to The Asia Foundation for the Women’s Business Center and Incubator Project in Mongolia. KOICA President Mi-kyung Lee delivered the letter of appreciation to Kwang Kim, country representative of The Asia Foundation in Korea.

The Women’s Business Center project, a successful public-private partnership program, began in 2016. Since it opened in Ulaanbaatar in 2016, Mongolia’s first-ever Women’s Business Center has trained over 5,000 women and developed a regular client base of 2,000 entrepreneurs. The center supports a growing number of women business owners by providing high-quality business support services and an enabling environment for women entrepreneurs.

As the most active network of women entrepreneurs in Ulaanbaatar, the center is helping to create a vigorous ecosystem of Mongolian women entrepreneurs. Watch a short film featuring one of 28 graduates of the Women’s Business Center.

Currently, The Asia Foundation is expanding support for Mongolian women entrepreneurs by implementing a follow-up project through Inclusive Business Solution in partnership with Korean ICT company, ‘Solutek’.

The Asia Foundation is a nonprofit international development organization committed to improving lives across a dynamic and developing Asia. Informed by six decades of experience and deep local expertise, our work across the region addresses five overarching goals—strengthen governance, empower women, expand economic opportunity, increase environmental resilience, and promote regional cooperation.

Read more about the Foundation’s work.

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