The Republic of Korea made changes to its visa requirements for Mongolian citizens last October. According to the changes to the South Korean visa requirements Mongolian visitor should have at least 10-20 million MNT in a bank account in order to apply for a South Korean visa. Since South Korea made visa restrictions designed to prevent Mongolians over staying in the country illegally, Mongolians have complained a lot to the South Korean Embassy in Ulaanbaatar.

The South Korean Embassy reached a decision to reduce the bank deposit to 30 percent based on citizens` complaints. Also a Mongolian who has paid at least 1.4 million MNT for social insurance in a one year period is now able to apply for the visa with their family. In this case a bank account is not necessary. The new visa requirements will be available by May 13th.