News Policy and Economy Expanded trade discussed in meeting with President Enkhbayar, new South Korean president | Expanded trade discussed in meeting with President Enkhbayar, new South Korean president |
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During his first full day in office, South Korean President Lee Myung-bak met Tuesday with Mongolian President Nambaryn Enkhbayar. Following their meeting it was announced that both countries had agreed to expand ties in energy, biotechnology and well as more generalized technology. Mongolia and South Korea established diplomatic relations in 1990. Making much of their shared historic, cultural and ethnic values, South Korea has sought to tap into Mongolia’s energy wealth. The South Korean President also met on Tuesday with Cambodian President Hun Sen and Uzbek President Islam Karimov. Currently there are 20,400 Mongolian workers living in South Korea. www.mongolia-web.com                |
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| Agreement calls for Russia’s Rosneft to build 100 gas stations in Mongolia |
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Russian oil producer Rosneft will freeze oil prices at January levels as part of an agreement to build 100 consumer gasoline stations. The company said this price freeze will remain intact through July. |
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