Korea-Mongolia Economic Relations: How Can They Be Reinforced?

Abstract

Since the establishment of diplomatic relations between Korea and Mongolia in 1990, the two countries have promoted cooperation in various 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