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Official agreement reached to open Busan port to Mongolia www.akipress.com
Head of Mongolia's consular-diplomatic mission in Busan Jadambaa Tsagaan-Uvgun held an official meeting with officials from the South Korean Port of Busan. The delegation included Port Director Song Sang-Geun, Vice Director and Head of the International Department Koo Ja-Rim, and Head of the International Logistics Department Sol In-Hae.
The Port of Busan, which began operations in 1876, is a major global hub. It is ranked the second-largest in the world for transit cargo and the sixth-largest for container traffic.
The port connects to 500 ports in over 150 countries, handling 400 million tons of cargo annually. It is considered a strategically vital transport and logistics center in Northeast Asia.
During an official meeting, Jadambaa Tsagaan-Uvgun and Song Sang-Geun, director of the Busan Port Authority, discussed strengthening trade and logistics ties.
Noting that trade between the two nations is growing, Jadambaa Tsagaan-Uvgun highlighted that Mongolian cargo has traditionally been routed through the Port of Incheon. He stressed the urgent need to open a "second gateway" via the Port of Busan to accommodate the increasing trade volume.
Director Song Sang-Geun expressed his full support for the proposal and readiness to cooperate. He stated that the official launch of a dedicated section of the Busan Port for Mongolia would be initiated by signing a memorandum of cooperation between a relevant Mongolian organization and the Port Authority.
Both sides agreed that this new route would provide Mongolia with the most cost-effective and fastest conditions for transporting goods not only from South Korea but also from all maritime countries, including America and Europe.
The meeting concluded with a mutual understanding that this initiative is a crucial step toward elevating trade and economic relations and connecting Mongolia to the international transport network via Busan. Both parties expressed their commitment to quickly fulfill their obligations to facilitate the first shipment of goods.
Published Date:2025-07-25
