Government officials announced on July 9 that South Korea and Mongolia will work together to achieve a trade volume of $1 billion by 2030.
During a summit with Mongolian President Ukhnaagiin Khurelsukh, South Korean President Lee Jae-myung agreed to expand economic, trade, and investment cooperation, enhance collaboration in supply chains and key minerals, and reached a principled agreement on a Comprehensive Economic Partnership Agreement (CEPA).
In a joint press conference held at the government office in Ulaanbaatar, President Lee stated, "Mongolia is a key partner in our pragmatic diplomacy centered on national interests, and South Korea is Mongolia's most trusted strategic cooperation partner." He added that the summit confirmed a shared vision for opening a golden era in Korea-Mongolia relations and adopted a joint declaration outlining the direction for the development of bilateral ties. This marks the first state visit by a South Korean president to Mongolia in 15 years.
The two countries also agreed to broaden mutually beneficial and sustainable cooperation in various fields, including AI and digital transformation, advanced science and technology, logistics and infrastructure, agriculture and livestock, health and medical care, and development cooperation.
President Lee emphasized that health and medical cooperation is an area where citizens of both countries can directly feel the benefits, committing to contribute to improving the health and quality of life of the Mongolian people through related initiatives, including the construction of a second national cancer center.
Cultural and human exchanges, which form the foundation of friendly relations, will also be expanded. The two leaders agreed to promote exchanges among citizens in various fields, including tourism, education, employment, and cultural exchanges, and to work together to enhance mutual understanding and benefits based on a 'roadmap for enhancing human exchanges.'
Additionally, they agreed to expand cooperation to pass on their shared historical ties and experiences to future generations. President Lee noted, "By honoring and inheriting the historical assets of friendship between our countries, including the late Lee Tae-jun, who dedicated himself to the advancement of modern medicine in Mongolia, we will further solidify the friendship and trust between our peoples."
The two leaders also concurred on the importance of enhancing cooperation for stability and development in the Northeast Asian region. They plan to expand collaboration in international organizations and multilateral forums, including closely working together in the election processes of international bodies such as the International Court of Justice (ICJ).
On this day, the two governments signed over 20 memorandums of understanding (MOUs) covering areas such as distribution logistics, the construction of Mongolia's second national cancer center, and mutual recognition and exchange of driving licenses for short-term visitors.
During a summit with Mongolian President Ukhnaagiin Khurelsukh, South Korean President Lee Jae-myung agreed to expand economic, trade, and investment cooperation, enhance collaboration in supply chains and key minerals, and reached a principled agreement on a Comprehensive Economic Partnership Agreement (CEPA).
In a joint press conference held at the government office in Ulaanbaatar, President Lee stated, "Mongolia is a key partner in our pragmatic diplomacy centered on national interests, and South Korea is Mongolia's most trusted strategic cooperation partner." He added that the summit confirmed a shared vision for opening a golden era in Korea-Mongolia relations and adopted a joint declaration outlining the direction for the development of bilateral ties. This marks the first state visit by a South Korean president to Mongolia in 15 years.
The two countries also agreed to broaden mutually beneficial and sustainable cooperation in various fields, including AI and digital transformation, advanced science and technology, logistics and infrastructure, agriculture and livestock, health and medical care, and development cooperation.
President Lee emphasized that health and medical cooperation is an area where citizens of both countries can directly feel the benefits, committing to contribute to improving the health and quality of life of the Mongolian people through related initiatives, including the construction of a second national cancer center.
Cultural and human exchanges, which form the foundation of friendly relations, will also be expanded. The two leaders agreed to promote exchanges among citizens in various fields, including tourism, education, employment, and cultural exchanges, and to work together to enhance mutual understanding and benefits based on a 'roadmap for enhancing human exchanges.'
Additionally, they agreed to expand cooperation to pass on their shared historical ties and experiences to future generations. President Lee noted, "By honoring and inheriting the historical assets of friendship between our countries, including the late Lee Tae-jun, who dedicated himself to the advancement of modern medicine in Mongolia, we will further solidify the friendship and trust between our peoples."
The two leaders also concurred on the importance of enhancing cooperation for stability and development in the Northeast Asian region. They plan to expand collaboration in international organizations and multilateral forums, including closely working together in the election processes of international bodies such as the International Court of Justice (ICJ).
On this day, the two governments signed over 20 memorandums of understanding (MOUs) covering areas such as distribution logistics, the construction of Mongolia's second national cancer center, and mutual recognition and exchange of driving licenses for short-term visitors.
* This article has been translated by AI.
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