In Mongolia, the regulation related to the private security industry, the Law on Contracted
Private Security Services, was legislated relatively recently. The Law on Contracted Private
Security Services was enacted into law in Mongolia 16 years ago, in 2000. This regulation
has undergone two amendments since its inception. However, new revisions still need to
be made to ensure that this regulation is in line with internationally accepted standards and
practices. This paper compares the existing private security regulations of South Korea and
Mongolia. The purpose of this comparative study was to identify the weaknesses of and
problems in the Mongolian regulation and propose amendments to the Mongolian regulation.
The comparative study of the two countries’ regulations showed and underscored an
imperative need to make further amendments to the Law on Contracted Private Security
Services. Specifically, the weaknesses of and problems in the Mongolian regulation at issue
include the following: the level of accuracy in defining certain legal terms and providing the
proper names for various regulations; stipulations which set forth the procedure for
registering a private security company; provisions regarding operating a private security
company; the details of eligibility and accountability requirements concerning chief executives
and security service officers; and the scope of work provisions. This study proposes
constructive amendments to strengthen the Law on Contracted Private Security Services.