President Lee Meets Mongolian Prime Minister, Emphasizes Economic and Mineral Cooperation

by SONG YOONSEO Posted : July 10, 2026, 20:36Updated : July 10, 2026, 20:36

During his state visit to Mongolia, President Lee Jae-myung met with Mongolian Prime Minister L. Otsrul on July 10, urging the implementation of agreements made during the previous day's Korea-Mongolia summit regarding economic exchanges, mineral cooperation, and defense industry collaboration.


According to Yonhap News, President Lee expressed his satisfaction at the prospect of Korea and Mongolia entering a new era, stating, "I hope we can create a golden age for Korea-Mongolia relations as President Khurelsukh mentioned."


He added, "Since you oversee the practical aspects, I hope you will take good care of the various agendas agreed upon by the two leaders yesterday, particularly in the areas of economic exchanges, mineral cooperation, and defense industry collaboration."


In response, Prime Minister Otsrul assured, "I will instruct the relevant ministers to ensure that the agreements reached during the summit are effectively implemented."


Otsrul also recalled hosting a Mongolia-Korea economic forum while he was Deputy Prime Minister, where he met with experts in fields such as artificial intelligence, information technology, and rare earth elements. He noted discussions about initiating exchanges between the Mongolian state-owned enterprise 'Erdenes Mongolia' and South Korea's POSCO.


He emphasized the importance of Mongolia utilizing South Korean technology to process and produce its mineral resources in the future.





* This article has been translated by AI.