Mongolia's president stressed that his country will work with Pyongyang to promote stability in Northeast Asia, the North's state media reported Tuesday.

The (North) Korean Central Television (KCTV) said President Tsakhia Elbegdorj, who is visiting North Korea, emphasized the important role that can be played by Pyongyang and Ulaanbaatar in pushing forward peace and stability in the region.

The broadcaster said the remark was made by the chief executive late Monday following talks with senior North Korean officials, including Kim Yong-nam, the president of the Supreme People's Assembly Presidium.

Elbegdorj added that Mongolia was ready to work with all interested parties so as to contribute to the prosperity of Northeast Asia.

KCTV then said that officials from the two countries were in agreement on the need to expand cooperation in trade and investment, and shared the view such developments will further bilateral interests.

Kim, the nominal head of North Korea, meanwhile, said at the banquet honoring the Mongolian president's visit, that there has been continuous cooperation in political, economic, military and sports, and that Pyongyang is committed to expanding strong ties with Ulaanbaatar.

North Korean sources in Seoul and abroad said Elbegdorj's visit marks the first one by a foreign head of state since Kim Jong-un took control of the communist country in late 2011.

A summit meeting between Kim and Mongolia's leader will mark the "coming out" of the North Korean leader onto the stage of international diplomacy. (Yonhap News)