AGP Executive Report
Last update: 10 minutes agoAviation Modernization: Thales will upgrade Mongolia’s air traffic management systems under a new contract with the National Civil Aviation Center, aiming to modernize ATM infrastructure. Trade & Investment Push: South Korea and Mongolia wrapped up President Lee Jae-myung’s state visit with a “Golden Era” deal that includes 21 cooperation agreements and a CEPA-style framework, with tariff cuts on Mongolian minerals and reduced duties on Korean cosmetics, trucks, and construction equipment. Critical Minerals & Health Links: The revised Korea–Mongolia health cooperation MOU covers healthcare delivery, noncommunicable disease management, AI digital health, and regenerative medicine, plus cancer research and referrals. Export Finance: Korea Eximbank signed a $30m on-lending facility with Mongolia’s Trade and Development Bank to expand financing for Korean consumer goods imports. Retail Expansion: Tous les Jours opened its first northwestern Mongolia store in Ulaangom, following entry into Darkhan, highlighting logistics and supply-chain readiness. Business Leadership Change: Entrée Resources named Chris Adams as CEO effective July 17, replacing Stephen Scott. National Branding Moment: Mongolia marked World Horse Day during Naadam, reinforcing the horse’s role in livelihoods and culture.
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