[THE INVESTOR] South Korea and Mongolia are to push for a trade agreement.

According to Seoul’s presidential office, South Korean President Park Geun-hye and Mongolian President Tsakhiagiin Elbegdorj agreed on the issue during their meeting on July 17. 


Seoul said that the two countries agreed to launch a feasibility study on forming an economic partnership agreement saying that the development was tantamount to the two nations working on a free trade agreement.

The two nations will complete the preparations for the study within the year, and launch the study later this year or early next year.

By Choi He-suk (cheesuk@heraldcorp.com)