AGP Executive Report
Last update: 4 hours agoKorea-Mongolia “Golden Era” Kickoff: South Korean President Lee Jae-myung arrived in Ulaanbaatar for a state visit and, after talks with Mongolian President Khurelsukh, the two adopted a joint declaration to launch a “golden era,” with cooperation focused on trade, critical minerals, advanced tech, and people-to-people ties. CEPA Deal in the Works: Seoul and Ulaanbaatar reached an agreement in principle on a Comprehensive Economic Partnership Agreement, aiming to cut tariffs and push deeper investment and supply-chain links, including a target of $1 billion in annual trade by 2030. Energy Transition Pact: The countries also signed an MOU on energy transition and renewables, including cooperation on power infrastructure, heat-pump district heating, and workforce development. Critical Minerals Push: Lee urged a resilient critical-mineral supply chain partnership, highlighting Mongolia’s resources and Korea’s technology, capital, and logistics. Greenbelt Progress: Mongolia and South Korea’s forestry cooperation continues, with the next phase of the Mongolian-Korean “Greenbelt” project set to begin. Health & Schools: Mongolia approved guidelines for preventive health screenings for kindergarten and schoolchildren and measures to ease overcrowding in general education. World Horse Day: Mongolia will host World Horse Day events, including a horseback archery competition on July 13.
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