Korea–Mongolia “Golden Age” push: President Lee Jae Myung met Mongolia’s PM Nyam-Osoryn Uchral and Parliament Speaker Sandag Byambatsogt, urging fast follow-through on summit deals covering critical minerals, defense industry, and economic exchanges—with Mongolia aiming to add value by processing and producing minerals using Korean technology. CEPA & supply-chain lock-in: Seoul and Ulaanbaatar reached an agreement in principle on a Comprehensive Economic Partnership Agreement, targeting tariff cuts on key minerals (including copper and rare earths) and strengthening cooperation via the Rare Metal Cooperation Center to stabilize supply chains. Logistics and distribution coordination: A new intergovernmental logistics council and a distribution-and-logistics MOU aim to streamline certification and customs clearance for Korean firms selling into Mongolia. Energy transition projects: POSCO International signed a $100m energy partnership with Newcom for a district heating project using heat-pump tech to recycle waste heat, aligning with Mongolia’s push to cut winter air pollution. Finance for trade: Korea Eximbank agreed a $30m on-lending facility with Mongolia’s Trade and Development Bank to support exports of Korean consumer goods. Retail and food exports: E-mart opened Mongolia’s first standalone No Brand store, while Namyang Dairy secured a 10 billion won export expansion deal for K-food products via Maximus Distribution. Digital banking investment: KakaoBank’s CEO joined the delegation and signed a term sheet to invest in Mongolia’s digital bank M Bank, aiming to broaden access to finance.