Memorandum of Understanding

Gov. Sanders signs MOU with Korean business groups

by Roby Brock (roby@talkbusiness.net)

Gov. Sarah Sanders signed agreements Monday (March 11) with two large South Korean trade groups as part of her Asian business tour.

Sanders signed an economic memorandum of understanding (MOU) with Korea’s International Trade Association (KITA) and the Korea-U.S. Economic Council, Inc. The agreement aims to strengthen economic and cultural ties between South Korea and Arkansas.

KITA is a private non-profit trade organization founded in 1946 with 105 traders as its founding members. It is one of South Korea’s largest umbrella economic organizations and has more than 70,000 member firms, representing almost the entirety of South Korea’s international trade community.

Gov. Sanders signs MOU with Korean business groups