South Korean and Mongolian government officials met at the 2024 Korea-Mongolia Vision Forum in Ulaanbaatar, Mongolia to explore potential collaborations in green energy, mineral resources, and trade. The event, which was attended by about 250 representatives from various sectors, highlighted the shared vision for mutual growth and strategic partnership between the two countries. Mongolia's advisor to the first deputy prime minister emphasized the potential for expanded cooperation, particularly in the introduction of South Korea's advanced renewable energy technologies to Mongolia and the pursuit of an Economic Partnership Agreement. Discussions also focused on advancing Mongolia's energy sector, especially in the extraction of rare earth elements, an area where Mongolia holds significant reserves but lacks the necessary extraction technology. The forum addressed the need for diversifying supply chains and overcoming Mongolia's power shortages through transition to green energy, including the consideration of nuclear power and the development of small modular reactors. Additionally, Mongolian officials called for Korean investment in energy infrastructure projects and broader initiatives such as the construction of a new city. Overall, the forum underscored the potential for collaboration between South Korea and Mongolia in various sectors, with an emphasis on addressing technological gaps, diversifying supply chains, and promoting sustainable energy solutions.