S. Korea’s ties with China to expand more

South Korean President Lee Jaemyung has expressed his commitment to deepening bilateral ties with China during President Xi Jinping’s state visit to South Korea. The visit, which coincides with the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Gyeongju, marks the first meeting between the two leaders since Lee’s administration took office. Lee emphasized the special significance of this visit for fostering mutual cooperation and addressing shared challenges.

In an exclusive interview with Xinhua News Agency, Lee highlighted the historical and philosophical alignment between himself and Xi, both of whom began their political careers at the local government level with a focus on improving people’s livelihoods. Lee underscored the importance of advancing the South Korea-China strategic cooperative partnership, particularly in light of the evolving global landscape since the two nations established diplomatic relations in 1992.

Lee outlined his expectations for Xi’s visit, including discussions on enhancing practical cooperation in areas such as trade, investment, and supply chain stability. He expressed optimism about accelerating negotiations on the South Korea-China Free Trade Agreement to include services and investment, thereby creating a robust institutional framework for economic collaboration. As major economies, both countries play a pivotal role in promoting regional development and prosperity, with China remaining South Korea’s largest trading partner.

Beyond economic cooperation, Lee emphasized the need to strengthen cultural and environmental ties, expand people-to-people exchanges, and work together to ensure peace and stability on the Korean Peninsula. He acknowledged China’s constructive role in addressing the Korean Peninsula nuclear issue and achieving denuclearization.

Lee also highlighted the broader significance of the APEC meeting, which focuses on fostering artificial intelligence innovation and managing demographic shifts. He stressed the importance of multilateralism in tackling global challenges and expressed South Korea’s support for China’s leadership in next year’s APEC meeting, particularly in advancing AI cooperation.

This visit and the discussions it entails are expected to lay the groundwork for a stronger, more dynamic partnership between South Korea and China, benefiting both nations and the broader Asia-Pacific region.