S.Korea, Mongolia to Boost Resources Cooperation

Posted August 22nd, 2011 at 4:00 am (UTC-5)
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South Korean President Lee Myung-bak is in Mongolia for talks with President Tsakhia Elbegdorj on a visit that coincides with a visit to Ulan Bator by U.S. Vice President Joe Biden.

South Korea's news agency says Mr. Lee and Mr. Elbegdorj agreed during a meeting Monday to boost resources and energy cooperation and bolster ties in all other areas.

The Yonhap news agency said the two countries' resources ministers signed a memorandum of understanding calling for cooperation in natural resource development, electricity, renewable energy and other areas.

Mr. Lee arrived in Mongolia Sunday on a tour of Central Asia that will also take him to Uzbekistan and Kazakhstan. It was not clear whether he would meet in Ulan Bator with Mr. Biden.