The 9th regular meeting of the Joint Committee between the Government of Mongolia and the Government of South Korea was held in Ulaanbaatar on November 19, 2025. The 9th meeting of the Joint Committee was co-chaired by S. Byambatsogt, Minister of Mongolia and Head of the Cabinet Secretariat, Head of the Mongolian Delegation, and Kim Jin A, Vice Minister of Foreign Affairs of South Korea, Head of the Korean Delegation, with the participation of officials from the ministries and relevant organizations of the two countries.
At the beginning of the meeting, both parties noted that the relations and cooperation between Mongolia and South Korea have deepened across all sectors at a high level of ‘strategic partnership,’ with regular high-level and top-level visits and consultations taking place. They emphasized that the mechanism of the Joint Committee between the governments plays an important role in developing the real trade and economic cooperation between the two countries.
Both sides agreed on the importance of establishing a Korea-Mongolia Economic Partnership Agreement to increase trade and investment, open wider market opportunities for entrepreneurs and businesses, and further expand economic cooperation. They expressed their commitment to ensuring that this agreement is mutually beneficial and profitable for both sides.
Mongolia has a total livestock population of about 80 million, with an annual potential of 20-30 million animals to be brought into economic circulation. In order to improve the trade balance between the two countries, it was proposed to cooperate in creating conditions and opportunities for exporting Mongolia’s livestock products to South Korea, particularly natural “eco” products such as wool, cashmere, hides, and meat. The importance of conducting effective discussions within the framework of the Economic Partnership Agreement to include issues such as providing tax incentives for these agricultural and livestock products was also emphasized.
The parties expressed their continued commitment to focusing on successfully and effectively implementing major projects and programs in sectors where both sides have advantages, such as urban development, minerals, and energy. For example, they highlighted that projects like the “Establishment of a Joint Research Center for Rare Earth Metals between Mongolia and Korea” and “Ensuring Sustainable Development of Ulaanbaatar City and Supporting Balanced Regional Development in Mongolia” will make a significant contribution to expanding and developing future bilateral cooperation.
Additionally, the parties agreed to coordinate their cooperation in gradually implementing national-level mega projects, such as steel production and copper smelting, in support of Mongolia’s strategic development goals, and to attract South Korea’s advanced technology and direct investment to these projects.
It was decided to review the progress of major projects being implemented with concessional loans and assistance from the Government of the Republic of Korea, and to work on further accelerating their implementation and successfully completing them, with particular attention to the projects such as the “Heating Plants in 10 Provincial Centers,” the “Solongo 1, 2,” and “Bayangol Am” residential projects.
Effective discussions were held on positively resolving the difficulties faced by Mongolian citizens when applying for visas to the Republic of Korea, gradually easing visa requirements based on the principle of mutual travel under equal conditions for citizens of both countries, and making significant progress on exempting citizens traveling to the Republic of Korea for medical treatment from visa requirements.
The parties exchanged views not only on bilateral but also on multilateral and regional cooperation, and the Korean side confirmed that it will continue to support our ‘Ulaanbaatar Dialogue’ initiative. In addition, in connection with Mongolia’s plan to host the 17th Meeting of the Parties (COP17) to the UN Convention to Combat Desertification in 2026, the Korean side shared its previous experience in organizing the meeting and expressed its readiness to provide support.
The parties agreed to hold the 10th regular meeting of the Mongolia-Republic of Korea Joint Committee in Seoul.
Source: https://mining.mn/content/2129 2025/11/23