Mayor G.Munkhbayar on Tuesday received representatives of the Hyundai Group of South Korea that has offered help to improve taxi service in Ulaanbaatar. He asked the company to set up a factory in Mongolia to produce not only cars but also buses. According to Munkhbayar, young people in Mongolia are interested in cars. Also, drivers in Mongolia are good at repairing cars and they can be employed at the car plant after training. 

The Hyundai team said they were considering setting up factories to make construction materials iron products.