1 MONETARY POLICY RATE MAINTAINED WWW.MONTSAME.MN PUBLISHED:2025/09/18      2 BUURULJUUT POWER PLANT’S SECOND UNIT SET FOR DECEMBER 2025 COMMISSIONING WWW.MONTSAME.MN PUBLISHED:2025/09/18      3 CAPITAL MARKETS MONGOLIA ANNOUNCES MONGOLIA INVESTMENT FORUM: LONDON 2025 AT THE LONDON STOCK EXCHANGE WWW.NEWSFILECORP.COM PUBLISHED:2025/09/18      4 REMARKS OF AMBASSADOR RICHARD L. BUANGAN AT THE UNMISS SENDOFF CEREMONY FOR MONGOLIAN PEACEKEEPERS TO SOUTH SUDAN WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/09/18      5 DEMARCUS COUSINS TO PLAY AGAIN IN THE MONGOLIAN LEAGUE WWW.MONTSAME.MN PUBLISHED:2025/09/18      6 INNER MONGOLIA HALTS 15 COAL MINES OVER CAPACITY BREACHES WWW.MINING-TECHNOLOGY.COM  PUBLISHED:2025/09/18      7 OLDEST KNOWN PACHYCEPHALOSAUR FOSSIL DISCOVERED IN MONGOLIA WWW.YAHOO.COM PUBLISHED:2025/09/18      8 14TH MBD MISSION FOR MBCC'S "DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION" AND BUSINESS PROGRAM DEC 08- 14. 2025 LONDON, UK WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/09/16      9 IMF WRAPS UP 2025 ARTICLE IV TALKS WITH MONGOLIA WWW.IMF.ORG PUBLISHED:2025/09/16      10 POSCO INTERNATIONAL TO LAUNCH WASTEWATER HEAT DISTRICT HEATING PROJECT IN MONGOLIA WWW.CM.ASIAE.CO.KR  PUBLISHED:2025/09/16      Г.ЗАНДАНШАТАР: 1.2 ТЭРБУМ АМ.ДОЛЛАРЫГ ГАДААДАД 3 ХУВИЙН ХҮҮТЭЙ ХАДГАЛУУЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2025/09/18     З.ЦОГТГЭРЭЛ: БАГШ НАРЫН ЦАЛИНГ 3.5 САЯ ТӨГРӨГ БОЛГОХЫГ ШААРДАЖ ОРОН ДАЯАР ЖАГСАНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/18     МОНГОЛ, САУДЫН АРАБЫН ХООРОНД ШУУД НИСЛЭГ ҮЙЛДЭХ НӨХЦӨЛ БҮРДЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/18     ЗӨӨВЧ-ОВОО ТӨСЛИЙН АВТО ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/18     БАГАНУУРЫН БАТАРЕЙ ХУРИМТЛУУРЫН СТАНЦ ТӨВИЙН СИСТЕМД 48.7 САЯ КВТ.ЦАГ ЭРЧИМ ХҮЧ НИЙЛҮҮЛЭЭД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/18     А.АМАРТҮВШИН: 2026 ОНД 50 МЯНГАН ӨРХ, 2027 ОНД 65 МЯНГАН ӨРХИЙГ ХИЙН ТҮЛШНИЙ ХЭРЭГЛЭЭНД ШИЛЖҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/18     ХАН-УУЛ ДҮҮРГИЙН 8 ДУГААР ХОРООНД ГЭР ХОРООЛЛЫН ДАХИН ТӨЛӨВЛӨЛТИЙН ТӨСӨЛ ХЭРЭГЖҮҮЛЭГЧЭЭР “МД ТОП” ХХК-ИЙН ШҮНШИГ ГЭГЭЭН ТӨСӨЛ ШАЛГАРЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/18     14 ДЭХЬ УДААГИЙН MBCCI’S “ DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION” B2B NETWORKING БОЛОН БИЗНЕС ХӨТӨЛБӨР 2025 ОНЫ 12 САРЫН 08 -13 ЛОНДОН ХОТ, ИХ БРИТАНИ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/09/16     ЭДИЙН ЗАСГИЙН ТӨРӨЛЖИЛТИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 145 ОРНООС 139-Д БИЧИГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/09/16     ӨНӨӨДӨР: “СЭЛБЭ 20 МИНУТЫН ХОТ”-ЫН ДАРААГИЙН ЭЭЛЖИЙН ОРОН СУУЦНЫ ТӨСЛИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/16    

South Korea and Mongolia: A Growing Partnership www.insidemongolia.mn

Mongolia and South Korea establish diplomatic relations in 1990, marking the start of their cooperation. Over the years, this relationship strengthens, evolving into a close partnership.
Another One Besides Japan
To date, Mongolia has a Free Trade Agreement (FTA) exclusively with Japan. For the past 2 years, Mongolia has been negotiating a similar agreement with South Korea, and the draft is now finalized. This development raises public concerns, fearing that "South Korea to take the best parts, leaving Mongolia with the scraps." But what exactly are these "best parts" and "scraps"?
Broad Scope: Beyond Trade Tariffs
South Korea, unlike Mongolia, has free trade agreements with 22 countries. The proposed agreement with Mongolia consists of 14 chapters, covering trade, services, and investment, making it more than just a tariff reduction deal, it focuses on broader economic cooperation.
Under this agreement, both countries are expected to grant mutual tariff reductions, ease trade barriers, improve the investment climate, align trade regulations, and expand collaboration in the service sector.
 However…
South Korea's presence in Mongolia's infrastructure, mining, and cultural sectors is expanding. For instance, KT Group to begin importing rare earth elements from Mongolia, and South Korea is involved not only in metro projects but also in railway developments. In this context, we import $956 million from the country since 2023, but our exports are 5 times less than that.
To conclude… Japan, Mongolia's only FTA partner, provides Mongolia with significant non-repayable aid. Strengthening ties with South Korea offers clear advantages, but we need to ensure that the benefits to be balanced.The draft provisions of the free trade agreement are designed to promote mutual economic growth, but careful consideration is necessary to address potential imbalances and ensure that both nations benefit equitably from the partnership.

 



Published Date:2025-03-18