Mongolian economy minister seeks investment, cooperation in AI, energy with Korea

Amid the 35th anniversary of diplomatic ties between Mongolia and Korea, cooperation between the two nations is more critical than ever as rising geopolitical tensions around the world underscore the need for resilient partnerships. With Mongolia accelerating its efforts to attract global investors, Nyam-Osor Uchral, the country’s first deputy prime minister and minister of economy and development, underscored the country’s determination to deepen economic ties with Korea in sectors ranging from mining and energy to advanced technology and artificial intelligence (AI), highlighting its drive to create a more transparent and investor-friendly climate. “Last year, foreign direct investment in Mongolia increased significantly, by about 75 percent. However, Korea’s share accounted for only 1.4 percent, which still feels quite insufficient,” the minister said during an interview with The Korea Times in Seoul on Monday. “The Mongolian government recognized the need to further expand the two countries’ ties, holding rounds of discussions for an economic partnership agreement …Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times