South Korea and Mongolia are planning to further their cooperation in two major projects: firstly, the Northeast Asian Super Grid Project and, secondly, the East Asian Railway Community Project.
The super grid project has the aim of integrating the power generation assets of northeast Asia: such as linking up China and Mongolia’s wind and solar power plants with the hydroelectric dams and LNG projects in the Russian Far East to the two Koreas and Japan.
The railway community project is to establish a new rail line between South Korea and Mongolia. This would, of course involve crossing part of China and North Korea.
South Korean Prime Minister Lee Nak-yeon met with Mongolian Prime Minister U.Khurelsukh in Ulaanbaatar on 26 March. “Mongolia is a key partner for the South Korean government’s new northern policy and the government is looking forward to more cooperation with Mongolia on these two projects,” Lee said at the meeting.
“The super grid project is highly important for regional energy security and the Mongolian government is aiming to attract more infrastructure investment,” the Mongolian PM said in response, adding, “Mongolia provides full support for the two projects.”
The two countries are going to hold a conference in the near future so that details of the projects can be discussed in depth. In addition, they are going to work more closely with each other in the fields of environment, healthcare, culture and reducing air pollution in UB.