South Korea looks to boost cooperation in natural resources, while Mongolia seeks to be mediator on North Korea issues
In strictly objective terms, Mongolia is far from a major global player. Its population of about 3.3 million is roughly similar to Puerto Rico. Its annual gross domestic product in 2021 was just over US$15 billion, around 130th among all countries and territories.
Yet the vast, landlocked nation is also rich in natural resources and has positioned itself as a neutral party in regional disputes, two things that have not escaped the notice of South Korea in recent years.
In strictly objective terms, Mongolia is far from a major global player. Its population of about 3.3 million is roughly similar to Puerto Rico. Its annual gross domestic product in 2021 was just over US$15 billion, around 130th among all countries and territories.
Yet the vast, landlocked nation is also rich in natural resources and has positioned itself as a neutral party in regional disputes, two things that have not escaped the notice of South Korea in recent years.
Get 30 days
of free access to
KoreaPro
-
Full access to all analysis
-
The KOREA PRO newsletter, every business day
-
Daily analysis on the top story of the day
-
The ability to suggest topics for coverage by our specialist team
Be smart about South Korea
Get full access to expert analysis and opinion.
Start
now
No charges during your trial. Cancel anytime. A paid subscription will start after 30 days.
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.