October 29, 2013 12:09
North Korean leader Kim Jong-un is expected to meet Mongolian President Tsakhiagiin Elbegdorj in his first summit since he took power.
The North's official Rodong Sinmun on Monday said the Mongolian president will visit the North at the invitation of Kim Yong-nam, the North's ceremonial No. 2 leader. It would be a first visit to North Korea by a Mongllian president in nine years.
A South Korean government official speculated Kim "will probably take advantage of this opportunity to present himself as an open-minded leader in the international community and try to attract investment from Mongolia."
Mongolia is reportedly interested in investing in the development of Rajin Port to ship out underground resources like coal.
Mongolia's relations with North Korea came into the spotlight when the headquarters of an influential pro-Pyongyang association of Korean residents in Japan was bought by a Mongolian company recently. The Japanese government put the building in downtown Tokyo up for auction, suspecting that funds of a Chongryon-affiliated bank, which went bankrupt despite an injection of public funds, had been funneled into Chongryon.
It was finally auctioned off to a mysterious Mongolian firm, but the Tokyo District Court blocked the sale pending an investigation whether it is a paper company.
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