President Lee Jae-myung had a state banquet with Mongolian President Ukhna Khurelsukh during his state visit to Mongolia. At the banquet, President Lee emphasized that Korea and Mongolia are "true friends" and promised to further develop the strategic partnership between the two countries. He also presented a traditional archery set and a smartwatch to President Khurelsukh, considering that archery is a shared traditional culture of both countries. To the First Lady, he presented a jewelry box engraved with butterfly and peony patterns symbolizing happiness and longevity. This state visit also aims to expand economic cooperation between the two countries, with Korean businesspeople participating.