Mongolia' s Trade Strategies and Korea-Mongolia Cooperation

Minhyeon Jeong ()
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Minhyeon Jeong: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/eng/

No 24-27, World Economy Brief from Korea Institute for International Economic Policy

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.

Keywords: Geopolitical Characteristics; Rare Minerals; Strategic Materials; Economic Security; Korea-Mongolia Cooperation; Economic Collaboration; Mining Sector; Digital Sector; Climate Change; Healthcare Sector (search for similar items in EconPapers)
Pages: 8 pages
Date: 2024-11-15
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2024_027

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