South Korea and Mongolia Strengthen Cooperation in Critical Minerals and Advanced Industries
On the 10th (local time), President Lee Jae-myung emphasized that South Korea and Mongolia are 'strategic partners' continuing to cooperate across various fields. Through these discussions, both countries have agreed to further solidify their future-oriented partnership.
The core areas of this cooperation are critical minerals and advanced industries. Mongolia possesses abundant resources, while South Korea holds the outstanding technological capabilities to utilize them. Both nations have reached a consensus on building a stable supply chain to enhance industrial competitiveness.
Furthermore, close cooperation is expected in the fields of energy and digital transformation. The two countries have decided to promote economic growth together by increasing energy efficiency and sharing digital technologies. This is expected to be of great help not only to the economic interests of both nations but also to strengthening regional cooperation.
The South Korean government has expressed its commitment to taking its relationship with Mongolia to the next level through this cooperation. Much attention is now focused on what achievements the two countries will produce through concrete working-level consultations moving forward.