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Korea-Mongolia economic relations : How can they be reinforced?

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Frame of Image  areas including politics, economy, society, and culture, and have even made impressive strides in several fields. Nonetheless, compared to other areas of cooperation, progress in economic cooperation between the two countries has been relatively slow. This is due to the fact that Mongolia is still viewed by Korea as a landlocked country with a small domestic market.
Russia, two of the largest emerging markets.
In this context, the strategic partnership with
Mongolia from the Korean perspective is important for a number of reasons. Not only can Mongolia provide food and mineral resource security to Korea, but it can also act as a logistical bridgehead for Korea to make inroads into the Northern regions in the future. This is why the Park Geun-hye administration has chosen Mongolia as one of Korea’s strategic partners in establishing Eurasian transport logistics, energy resources, and a trade network, goals pursed by the Eurasia Initiative. In this context, the purpose of this article is to review Korea-Mongolia economic relations for the past 26 years and to seek measures to reinforce economic cooperation between the two countries.
Since
However, since the recent surge of the economic and political importance of the Eurasian continent, the strategic value of Mongolia has grown exponentially for Korea. Mongolia is not only one of the world’s top ten countries with the most mineral resources, not to mention an agriculture and livestock sector that holds high potential, but also


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Title Korea-Mongolia economic relations
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Sub Title

How can they be reinforced?

Material Type Reports
Author(English)

Lee, Jae-Young; Gwun, Ka Woen

Publisher

Sejong, Korea:Korea Institute for International Economic Policy

Date 2016
Series Title; No World economy brief / vol. 6(no. 21)
Pages 5
Subject Country Mongolia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Government and Law < International Politics
Holding Korea Institute for International Economic Policy