President Lee Myung-bak has met with Mongolian Prime Minister Sukhbaatar Batbold at the presidential office in Seoul and discussed ways to promote bilateral relations.

Batbold said that relations between the two nations have developed across the board, with bilateral trade amounts skyrocketing sharply to 80-million dollars and human resource exchanges being brisk since diplomatic relations were established.

He added that Mongolia’s underground resources and South Korea’s cutting-edge technology are mutually complementary and have potential for development. He also said that he welcomed South Korean companies’ interests in building a railway and in mining resources in Mongolia.