Ulaanbaatar
Mongolian Businesses Meet South Korean Construction and Food Industry Entrepreneurs
Economy
Ulaanbaatar, September 11, 2025 /MONTSAME/. The Republic of Korea's manufacturers of construction and food industry equipment are visiting Mongolia.
Companies engaged in the production of high-capacity concrete pumps, gas supply equipment, fittings, installation tools, and agricultural machinery have met with Mongolian manufacturers. During the event, the Deputy CEO of the National Chamber of Commerce and Industry of Mongolia, Ts. Magnaibaatar highlighted the foreign trade and overall business environment between the two countries, expressing appreciation for the ongoing meetings aimed at fostering long-term partnerships.
In 2024, Mongolia exported goods worth USD 52.6 million to the Republic of Korea, including molybdenum concentrate, as well as knitted shirts, sweaters, and vests. Meanwhile, imports from the Republic of Korea totaled USD 482.3 million, consisting mainly of trucks, tobacco products, and petroleum.
