www.unuudur.com: The latest news of Mongolia in the World

A senior U.S. official on Friday denied reports that Washington is seeking to have Mongolia play the role of a mediator in resolving the standoff over North Korea’s nuclear program and other issues related to the communist nation.

South Korea and Mongolia held working-level defense talks in Ulaanbaatar Monday to discuss regional security issues, including North Korea’s nuclear weapons program, the Defense Ministry said.

South Korea on Wednesday signed an agreement to ship used military vehicles to Mongolia as part of efforts to expand defense cooperation between the two nations, the defense ministry here said.

The bad debt ratio for South Korean banks’ household loans rose in the third quarter from three months earlier as the economic slowdown and the slumping property markets spurred fresh loan delinquency, the financial watchdog said Wednesday.

South Korean President Lee Myung-bak is expected to meet U.S. Vice President Joe Biden in Mongolia next week on a coincidental visit, Washington officials said. Lee plans to travel to Mongolia from Sunday to Tuesday, followed by tours of Uzbekistan and Kazakhstan. Biden is also scheduled to visit Mongolia after his trip to China.

North Korea has installed surveillance cameras and reinforced barbed wire in its northern border areas close to China to try to stem the flow of defections of its people and stop the influx of foreign influences, a source familiar with the issue said Tuesday. The measures were taken near the North Korean town of Sinuiju, [...]

Incheon International Airport, South Korea’s main gateway, is the world’s second best airport to sleep in for travelers in transit, Seoul’s foreign ministry said Monday, citing an online poll.

South Korea’s bourse operator said Friday that it will step up supervision of false regulatory filings by local resource developers as part of efforts to protect investors. The move comes as Gloworks Inc., a resource development firm, is set to be delisted from the secondary KOSDAQ market. The company’s CEO is charged of manipulating stock [...]

Mongolian prime minister on Friday condemned North Korea for its deadly attack on a South Korean warship and vowed to make efforts to enhance peace on the divided Korean Peninsula. Tensions have been lingering on the peninsula following the North’s two attacks last year, including the sinking of a South Korean warship that killed 46 [...]

South Korea and Mongolia will seek to jointly build a pilot synthetic natural gas (SNG) production facility that can make better use of low-grade coal, the government said Monday. The memorandum of understanding reached between Seoul and Ulan Bator, to be signed next month, plans for a SNG plant to be built in the coal-rich, [...]

South Korea’s state-run Korea Coal Corp. (KOCOAL) said Sunday it will invest 20 billion won (US$18.1 million) in a coal mine in northwestern Mongolia to produce coal starting early next year.