Strategic cooperation between South Korea and China is entering a new stage after both countries agreed to restart high-level dialogue. The move came during a 100-minute summit between President Lee Jae Myung and President Xi Jinping on the sidelines of the APEC gathering in Gyeongju. The meeting aimed to strengthen bilateral relations and address shared regional challenges.
During their talks, both leaders highlighted the need for practical cooperation that supports economic growth and peace on the Korean Peninsula. President Lee presented Seoul’s plan for denuclearization and urged China to encourage renewed dialogue with North Korea. Xi expressed support for these efforts and emphasized Beijing’s commitment to peace and stability in the region.
Both sides agreed to reopen a regular high-level communication channel. This system will allow more direct coordination on political, economic, and global issues. It also reflects a shared interest in deepening trust and advancing strategic cooperation.
Economic discussions focused on trade, supply chains, and the second stage of their free trade agreement. President Lee raised the issue of Chinese sanctions on US-based subsidiaries of South Korean firm Hanwha Ocean. He also noted continued restrictions on Korean cultural exports since 2016. Both leaders agreed to find constructive ways to ease these tensions.
Security concerns also played a key role. The two leaders discussed maritime issues in the West Sea and Seoul’s plans to develop nuclear-powered submarines. Despite differences, they agreed to maintain open communication to avoid misunderstandings.
After the summit, both nations signed seven agreements covering innovation, digital trade, startup cooperation, and anti-fraud measures. They also renewed a major won-yuan currency swap deal, underscoring their shared interest in economic stability and growth.
President Xi concluded the meeting by calling for continued strategic cooperation to expand common interests and handle challenges together. Both governments now aim to transform this renewed partnership into concrete outcomes that benefit their citizens and promote regional peace.
As strategic cooperation strengthens, Seoul and Beijing are positioning themselves as key partners in shaping Asia’s economic and security future.
