Korea-Mongolia “Golden Age” Summit: South Korean President Lee Jae-myung met Mongolia’s PM Nyam-Osoryn Uchral and Parliament Speaker Sandag Byambatsogt, urging follow-through on summit deals tied to critical minerals, trade and defense, while also saying Seoul’s pioneering spirit mirrors Mongolia’s nomadic drive. CEPA & Trade Targets: The two countries agreed in principle on a Korea-Mongolia CEPA with over 90% liberalization, including immediate tariff cuts on key Mongolian minerals, and set a goal of $1 billion in annual bilateral trade by 2030. Critical Minerals & Peace: Leaders pledged to expand rare earth and critical mineral cooperation and strengthen efforts for peace and stability on the Korean Peninsula, with supply-chain work expected to continue at government and business levels. Finance & Banking Links: KakaoBank CEO Yun Ho-young joined the visit, signing a term sheet to invest in Mongolia’s digital bank M Bank, while Korea Eximbank signed a $30m on-lending deal with Mongolia’s Trade and Development Bank to support Korean consumer-goods exports. State Enterprise Reform: Mongolia signed an MoU with Franklin Templeton to help overhaul state-owned enterprise governance and prepare firms for domestic and international listings by 2027. Logistics Push: Seoul and Ulaanbaatar launched a consultative body to cut barriers in distribution and logistics, including customs and certification frictions. Energy Transition Projects: POSCO International and Newcom signed a $100m energy partnership for heat-pump district heating using waste heat, aimed at easing winter air pollution. Retail & Food Exports: E-mart opened its first standalone No Brand store in Ulaanbaatar, and Namyang Dairy secured a 3-year, 10 billion won export expansion deal via Maximus Distribution. Transport Agreement: Mongolia’s parliament ratified a Bulgaria-Mongolia road transport deal to boost Europe-Asia connectivity and trade.