Asia Times Online :: Mixed reactions to Mongolian election: "Democratic People's Republic of Korea (DPRK - North Korea). Several days after the election, Lee Sikoo, CEO of South Korea's Kyeryong Group, paid an official visit to Mongolia to discuss major construction projects for redevelopment of the capital city and national highways. Kyeryong will construct a 365-kilometer highway between Ulaanbaatar and the northern border town of Altanbulag - the site of a Mongolian-Russian free trade zone. The Korean company runs construction projects in Russia, South Asia and the Persian Gulf.
On July 26, the ROK's Korean Trade-Investment Promotion Agency (KOTRA) launched its "KOTRA-Ulaanbaatar" Business Center, "designed to strengthen economic cooperation between Mongolia and South Korea, to increase foreign trade demand and also support South Korean businesses and manufacturers to invest and operate in Mongolia". "
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