Ulaanbaatar
Prime Ministers of Mongolia and the Republic of Korea Hold Meeting
Society
Ulaanbaatar, 2024 April 2 /MONTSAME/. During
the working visit, Prime Minster of Mongolia Oyun-Erdene Luvsannamsrai held a
meeting with Prime Minister of the Republic of Korea Han Duk-soo on April 1,
2024, in Seoul, the Republic of Korea.
At the beginning of the meeting, Prime Minister L.Oyun-Erdene
expressed gratitude for the USD 200 thousand humanitarian aid provided by
the Government of the Republic of Korea to overcome Dzud natural disaster. In
2023, the number of Korean tourists that visited Mongolia increased by 60 % compared
to the period before the pandemic, reaching 140 thousand. There is a broad opportunity for the two
countries to intensify the collaboration in the tourism sector and citizen
exchange and enhance the relationship between businesses in this sector, the Prime
Minister noted.
Prime Minister of the Republic of Korea Han Duk-soo
congratulated for the successful organization of “Go Mongolia” event, a promotion
of Mongolia overseas that was held on March 28, 2024, in Seoul. Noting that Mongolia pays attention to improving
economic cooperation, and trade turnover, intensifying the establishment of the
economic partnership agreement, and developing cooperation in the mining sector,
Prime Minister Oyun-Erdene proposed to jointly implement the “People with Blue
Spots” travel route.
Prime Minister of Mongolia L. Oyun-Erdene expressed the
country’s interest in importing high-quality medicines from the Republic of
Korea, introducing the Korean standard for pharmaceutical manufacturing in
Mongolia, and enhancing cooperation in the health sector. The Premier also
presented the possibility of wheat and fodder grain export from Mongolia.
On the same day, Prime Minister Oyun-Erdene received President of the Export-Import
Bank of the Republic of Korea Yoon Hee-sung. During the meeting, the parties reviewed the joint projects and
programs that implemented since 1992 and discussed the next investments,
improvements in the credit issuance, speeding up the project implementation, and
renewing the development cooperation document.
The Parties agreed on collaboration in infrastructure
projects in Ulaanbaatar city such as tunnel, and road construction to be
implemented under the Regional Development Policy of the Government of Mongolia.
They also agreed to establish a Memorandum between the Development Bank of
Mongolia and the Export-Import Bank for cooperation and exchange of experiences.
