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Happy Halloween Week! While Halloween may have originated in the West, Mongolians are embracing the spooky spirit, braving the bone-chilling weather to celebrate the day. Here are some tips to make your Halloween unforgettable in Mongolia!

Today’s newsletter in 3 sentences…

• 🕵🏻‍♂️ ICC Officially Accuses Mongolia of Failure to Execute Putin Arrest Warrant

• 🎤 Leadership Style of UN Residence Coordinator In Mongolia Tapan Mishra 

• 🤩 Famous Korean Franchises in Mongolia

Let’s Dive. 🌊👇🏻

MARKET

• KZH: Kazakhstan’s President Kassym-Jomart Tokayev makes his second visit to Mongolia after 14 Years. 

• ICC: The ICC finds Mongolia guilty of not arresting Russian President Vladimir Putin during his recent visit and plans further jurisdictional action.

• MSE: TML Plastic's USD-denominated “Green Bond” secures a 22.62% subscription on the Mongolian Stock Exchange.

🎤 Tapan Mishra: Effective Leadership Is About Being A Visionary

In celebration of UN Day, we’re thrilled to welcome Tapan Mishra, the UN Resident Coordinator, to this edition of Lead W/. Join us as we explore his insights, work philosophy, and the impactful initiatives he champions in global cooperation and sustainable development.

Mr.Tapan Mishra was appointed as a United Nations Resident Coordinator for Mongolia 5 years ago. As UN RC, the highest-ranking representative of the United Nations Development System in Mongolia, he has been designated by the UN Secretary-General to lead the UN Country Team in coordinating operational activities for development in the country. Before this post in Mongolia, Mr. Mishra served as UN RC in North Korea from 2015 to 2019.

🖊️ Could you describe your leadership style and philosophy, with specific examples?

My leadership journey has always been rooted in the roles of a trainer and educator. From my early days at Bharat Petroleum, where I led transformative change, my vision was to become an inspirational leader, someone who can genuinely think beyond the present. So my leadership style is to be a visionary leader.

🚀 Contribute to the Future of Investment in Mongolia

Ashid Asset Management LLC, in collaboration with the Ministry of Economic Development, is conducting crucial research on foreign portfolio investment in Mongolia. Insights are being gathered through a brief survey!

• 💬 Make Your Voice Heard! If you've invested in securities issued by the Government of Mongolia or other companies, or if you're eyeing to invest, your feedback is vital. It will play a key role in assessing and enhancing Mongolia's investment environment.

🤩 Korean Franchises: A New Frontier Beyond Mining

As the landscape of foreign investment in Mongolia evolves, South Korean franchises emerge as standout performers, diversifying the economy beyond its traditional reliance on mining. This article explores the burgeoning presence of these brands and their impact on the Mongolian market.

👍 Excellent

In recent years, popular Korean franchise brands significantly increase their footprint in Mongolia. Notably, Mega Coffee, one of South Korea's beloved franchises, enters the Mongolian market this year. Meanwhile, Subway, originally an American brand but immensely popular in South Korea, opens its second branch in just 3 months. Mom's Touch, a fast-food franchise, launched in Mongolia last year and has rapidly expanded to 7 locations. With ambitions to surpass KFC, Mom's Touch plans to establish 20 branches by next year, showcasing the potential for growth in this sector.

• 😋 Interestingly, the initial monthly sales figures of Mom's Touch branches in Mongolia outperform those in South Korea, prompting the brand to pursue further market expansion. Tous les Jours, a dessert franchise beloved by locals, reports a 20% revenue increase over the past 9 months compared to the previous year. After entering the Mongolian market 8 years ago, Tous les Jours now boasts 19 branches, demonstrating the enduring appeal of Korean franchises.

🦋 Economic Impact of Franchising

The influx of world-renowned brands through franchising not only enhances the consumer landscape but also stimulates job creation and investment in the local economy. These businesses, grounded in established operational models, enable local entrepreneurs to bring international standards to the Mongolian market, thereby bolstering the overall economic environment.

• 📰 An American investment risk report reinforces this optimistic outlook, highlighting Mongolia as a viable destination for investment. The impressive performance of foreign franchises indicates that the Mongolian market remains receptive to innovative business models, provided that political involvement remains minimal.

In conclusion, the rise of South Korean franchises in Mongolia reflects a dynamic shift in the country's economic landscape, showcasing the potential for growth outside the mining sector. As these brands continue to thrive, they pave the way for new opportunities and the diversification of Mongolia's economy.

⭐ Selected for you

ECONOMY & BUSINESS

• Japan Used Car Exports to Mongolia Reached 77,463. (NikkeiAsia)

• Rio Tinto in Talks to Avert Another Strike at Oyu Tolgoi Mine. (MSN)

• Petro Matad begins oil production at Heron-1 well in Mongolia. (Investing)

• Woomera Mining Secures Key Mongolian Project. (MarketInsider)

• Fact Sheet on U.S. Support for Utilities Cooperation in Mongolia. (U.SEmbassy)

POLITICS

• Ulaanbaatar and UNDP Jointly Implementing Project on Supporting Renewable Energy Transition in Ger Districts. (Montsame)

• Russia to Build a Small NPP in Mongolia. (NeiMagazine)

• Draft Law on Amendments to the Law on Nuclear Energy to Be Submitted to the Parliament. (Montsame)

• Mongolia and Australia to Focus on Mining Cooperation. (AkiPress)

• Mongolia and EBRD to Cooperate on Accelerating Digital Economy. (AkiPress)

• Quarantine Imposed for Contagious Caprine Pleuropneumonia in Southeastern Mongolia. (XinhuaNews)

• Mongolia and Singapore NOC Presidents Meet to Discuss Future Cooperation. (InsideTheGames)

CULTURE & LIFESTYLE

• Mongolia's Fascinating Soviet History. (BBC)

• Let’s Try Mongolian Food. (K-ContentVoyage)

• Top Destinations for 'Slow Travel' and Authentic Experiences. (PressReader)

• Traditional Life of Mongolia. (GoogleArts&Culture)

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Publisher: Ts.Ankhbayar
Writer: M.Khulan
Graphics by: Ch.Battseren

Disclaimer: The information Inside Mongolia provides is for educational and informational purposes only. It is not intended to be or constitute financial advice, trading advice, or any other advice. The decision whether to consider the information we provide is solely our readers' independent decision.