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Mongolia' s Trade Strategies and Korea-Mongolia Cooperation

Author

Listed:
  • Jeong, Minhyeon

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

Considering the geopolitical characteristics of Mongolia, which is rich in rare minerals that can be considered strategic materials for the Korean economy, Mongolia's strategic value becomes even more pronounced in the current situation, where economic security is emerging as an increasingly important value. Therefore, from a mid- to long-term perspective, the expansion of cooperation between Korea and Mongolia holds special significance. This manuscript outlines the direction of economic cooperation between Korea and Mongolia, which could help establish a systematic cooperation framework to ensure stable economic collaboration with Mongolia, a country of high strategic value in terms of international cooperation. The areas of cooperation considered here are four sectors expected to generate significant synergy in the economic partnership between the two countries: the mining sector, the digital sector, climate change, and healthcare.

Suggested Citation

  • Jeong, Minhyeon, 2024. "Mongolia' s Trade Strategies and Korea-Mongolia Cooperation," World Economy Brief 24-27, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2024_027
    as

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