South Korea and Mongolia Expand Economic Cooperation as 'True Friends'
President Lee Jae-myung made a state visit to Mongolia, emphasizing the friendly relations between the two nations. On the 10th (local time), President Lee attended a banquet held in Mongolia, reaffirming the close ties between South Korea and Mongolia. This visit was arranged to strengthen practical cooperation between the two countries in the fields of resources and the economy.
In his congratulatory speech, President Lee drew attention by using the word 'Anda,' which means 'true friend' in Mongolian. He stated that South Korea and Mongolia should go beyond being mere neighbors and become a relationship where they deeply trust and help each other. Mongolian government officials also welcomed the South Korean President's visit and responded that they are ready to work together across various industrial sectors.
Notably, a large number of business leaders from major South Korean conglomerates, such as SK and LS, accompanied him on this trip. Mongolia is a country rich in natural resources, while South Korea possesses world-class technological capabilities. The participating business leaders shared in-depth views with the Mongolian side on specific business cooperation plans, including energy development and infrastructure construction.
Experts predict that this visit will serve as an opportunity to further solidify the economic ties between South Korea and Mongolia. Moving forward, the two countries plan to continue their partnership by expanding exchanges not only in economic interests but also in various fields such as culture and the environment.