Ulaanbaatar
South Korea to Train 500 Mining Engineers
Economy
Ulaanbaatar, September 22, 2025 /MONTSAME/. Within the framework of the “Mongolia-Korea Critical Minerals and Mining Investment Forum 2025,” a Memorandum of Understanding was signed with Chonbuk National University of the Republic of Korea to train 500 Mongolian students as international-level engineers on September 22, 2025.
The forum, jointly organized in Seoul, Korea, by the Ministry of Industry and Mineral Resources, the Ministry of Economy and Development, “Erdenes Mongolia” LLC, and relevant organizations of the Republic of Korea, discussed multilateral cooperation. Agreements were reached to cooperate with leading technology, investment, education, and research institutions and companies, including “Samsung,” “KOMIR” Corporation, “KIGAM” Institute, and Chonbuk National University. The cooperation will focus on investment, technology transfer, and professional training in the mining sector, particularly in exploration, extraction, and processing of critical minerals.
Specifically, a USD 17 million agreement was signed with the “Samsung” Group to supply silver concentrate. In addition, cooperation agreements were established with the “KIGAM” Institute in the field of critical mineral research and with “Korea Investment & Securities” (Asia) to attract investment for projects and programs to be implemented in Mongolia. Meanwhile, “KOMIR” Corporation, which has previous experience working in Mongolia, will continue its mine rehabilitation projects.
The forum is
being attended by representatives of the public and private sectors, such as Deputy Prime Minister and Minister of Economy and
Development, Uchral Nyam-Osor, Minister of Industry and Mineral Resources, Damdinyam
Gongor, representatives of the Development Bank, “Erdenes Mongolia” LLC, and
the Mongolian National Chamber of Commerce and Industry.
