South Korea is seeking to strengthen cooperation with mineral-rich Mongolia, to lessen its reliance on China.
South Korean Foreign Minister Park Jin visited Mongolia Aug. 28-30, and met his Mongolian counterpart Batmunkh Battsetseg.
The South Korean visit comes amid rising international tensions that include U.S.-China frictions and Russia’s invasion of Ukraine.
During Park’s visit, the two nations agreed to actively boost cooperation on global supply chain issues, especially in relation to rare earth elements.
“(We) will push actively for measures to cooperate to gain synergies from the combination of South Korea’s infrastructure and such minerals and resources, abundant in Mongolia, as rare earths for high-tech semiconductors and displays, and rare metals for batteries,” Park said during a joint press conference following his Aug. 29 meeting with Battsetseg….