AGP Executive Report
Last update: 6 hours agoKorea-Mongolia “Golden Age” Summit: South Korean President Lee Jae-myung met Mongolia’s PM Nyam-Osoryn Uchral and Parliament Speaker Sandag Byambatsogt in Ulaanbaatar, urging follow-through on summit deals on critical minerals, trade, and defense industry cooperation. Critical Minerals & CEPA: Seoul and Ulaanbaatar agreed in principle on a Korea-Mongolia CEPA, targeting tariff cuts on key Mongolian minerals and aiming to stabilize supply chains. Logistics Push: Korea and Mongolia launched an intergovernmental Distribution and Logistics Policy Council to streamline certification and customs clearance for Korean firms. Finance for State Enterprise Reform: Mongolia signed an MoU with Franklin Templeton to help overhaul state-owned enterprise governance and prepare listings by 2027. Digital Banking Deal: KakaoBank CEO Yun Ho-young joined the visit and signed a term sheet for strategic investment in Mongolia’s M Bank. Trade & Retail Momentum: E-mart opened its first standalone No Brand store in Ulaanbaatar, while Namyang Dairy inked a 10 billion won export expansion deal for K-food. Energy Transition Projects: POSCO International and Newcom signed a $100m energy partnership for heat-pump district heating using waste heat.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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