Overview
- President Lee Jae Myung attended the opening of Mongolia’s Naadam Festival as an official guest of honor, became the first South Korean president to do so, publicly shot a traditional Mongolian bow and attended a farewell luncheon before returning to Seoul.
- Earlier in the visit Lee and Mongolian President Ukhnaagiin Khurelsukh declared a shared vision for a 'golden age' of relations that covers critical minerals, trade, advanced technologies, health care and people‑to‑people exchange.
- The two governments agreed in principle on a Comprehensive Economic Partnership Agreement that aims to raise bilateral trade and set a $1 billion target by 2030, and they signed multiple memorandums to back joint work on minerals and supply chains.
- Officials said the next steps are planned ministerial committees and business forums to turn diplomatic pledges into projects for mining, energy and supply‑chain cooperation.
- Naadam’s UNESCO‑recognized pageantry, Lee’s presentation of a traditional Korean archery set and visits to archery and shagai venues underscored the visit’s focus on cultural ties as a foundation for deeper economic partnership.