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Mongolians use their national payment system in South Korea

BC Card, the financial services wing of South Korea’s major telecom company KT, will work with the central bank of Mongolia to establish a payment linkage system between South Korea and Mongolia. Mongolians can use their national payment system using

Lu.Gantumur elected as a leader of Democratic Party of Mongolia

Today (19 January), the Democratic Party of Mongolia has held  its National Congress and elected  party’s chairman. A total of four people were nominated for the leader of the Democratic Party; namely, MP S. Odontuya, former MP S. Bayartsogt, former

Mongolia bans online betting or casino sites

It is reported that US dollars equivalent to at least MNT 10 billion are outflowing from Mongolia through illegal casinos and gambling companies. This is one of many reasons which caused increase in the value of the US dollar as

China accounted for 64.3 percent of Mongolian trade

In 2022, Mongolia traded with 160 countries. The total trade turnover reached USD 21.2 billion; exports amounted to USD 12.5 billion and imports to USD 8.7 billion.

The total foreign trade turnover increased by USD 5.2 billion (32.1%). Exports increased by

New Chinese FM pledges to enhance pragmatic cooperation with Mongolia

On Tuesday, Chinese Foreign Minister Qin Gang  held phone talks with his Mongolian counterpart, B.Battsetseg, with both sides pledging to enhance pragmatic cooperation.

In recent years, under the strategic guidance of the heads of state of both countries and joint efforts

Olympic bronze medalist judoka Kh.Tsagaanbaatar announces retirement

Olympic bronze medalist, and World champion  Kh.Tsagaanbaatar announced his retirement during the National Judo Championships held in Ulaanbaatar city. He officially retired on Sunday ending his 20-year career in judo.

Born March 19, 1984 in Uvs province, Kh.Tsagaanbaatar won only medal

Chambers of Commerce between Mongolia and UK expand cooperation

This year marks the 60th anniversary of diplomatic relations between Mongolia and the United Kingdom of Great Britain and Northern Ireland.

The countries are planning to organize events to promote cooperation between the private sectors and strengthen economic, trade and investment

Mongolian PM proposes a Constitutional reform

A Constitutional reform was proposed by Mongolian Prime Minister L.Oyun-Erdene. The proposed reform would transition Mongolia from a semi-presidential republic to a traditional parliamentary republic.

The current 1992 constitution established a multi-party political system in Mongolia’s semi-presidential republic. That meant that