President Lee Jae Myung (left) and Mongolian President Ukhnaagiin Khurelsukh on July 9 hold a joint news announcement after their bilateral summit at the Government Palace in Ulaanbaatar, Mongolia.
By Margareth Theresia
Photos = Cheong Wa Dae
President Lee Jae Myung and Mongolian President Ukhnaagiin Khurelsukh on July 9 adopted a joint declaration to usher in a "golden age" of bilateral ties after their summit at the Government Palace in Ulaanbaatar, Mongolia.
President Lee arrived earlier that day on a state visit to the country.
At a joint news announcement after their talks, President Lee said, "The most significant outcome of this summit was that the leaders of both countries reaffirmed their shared vision of ushering in a 'golden age' of bilateral ties and adopted a joint declaration outlining the development of relations."
He began his schedule with an official welcoming ceremony at Sukhbaatar Square before moving to the Government Palace, where he held a friendly chat and bilateral summit with President Khurelsukh.
Immediately after their talks, both leaders attended a signing ceremony for 21 agreements and memorandums of understanding covering economic security and supply chains.
President Lee Jae Myung and Mongolian President Ukhnaagiin Khurelsukh on July 9 hold their bilateral summit at the Government Palace in Ulaanbaatar, Mongolia.
"The two countries agreed to further solidify political and diplomatic trust and deepen their strategic partnership," President Lee said in the announcement. "They also agreed to expand future-oriented and practical cooperation felt by the people of both countries."
He also pledged to expand cooperation in economy, trade and investment and boost ties in supply chains and critical minerals, building on the conclusion of a comprehensive economic partnership agreement under the goal of achieving bilateral trade of USD 1 billion by 2030.
"We agreed to raise cultural and people-to-people exchanges, the foundation of our friendly sentiment," he added. "We will expand cooperation to pass on the historical ties and common experiences shared by our two countries to future generations.
"Both sides agreed to further boost cooperation on the international stage," he said, adding that they also reached a consensus on stronger relations to promote stability and development in Northeast Asia.
President Lee Jae Myung on July 9 speaks at a bilateral business forum at a hotel in Ulaanbaatar, Mongolia.
Later, the two leaders attended a bilateral business forum to discuss how companies from both companies can contribute to cooperation and shared prosperity.
President Lee on July 10 was slated to visit the Daeam Lee Tae-jun Memorial Hall in the Mongolian capital and attend a meeting with Korean expats in Mongolia. The next day, he will be the first Korean head of state to attend the opening ceremony of the Naadam Festival, the country's biggest gala, as the guest of honor.
margareth@korea.kr
