On September 2, 2008, Mr Heung-kweun Park, a Counselor at the Embassy of the Republic of South Korea, visited the Institute of Economic Sciences. During the cordial talks, Professor Erić, Director, informed the honored guest about the signed Memo of Understanding with the Korea Institute for International Economic Policy (KIEP). The talks were also held about possibilities for further cooperation between the IES and partners from the Republic of South Korea.