The agreement came after talks between South Korean Finance Minister Kim Dong-yeon and his Chinese counterpart, He Lifeng, chairman of China’s National Development and Reform Commission, earlier in the day. Kim has said he will raise the issue of difficulties encountered by South Korean firms doing business in China, who have come under pressure over Beijing’s retaliatory actions after the deployment of a missile-defense system, during the talks with He. During the talks, Kim asked the Chinese side to swiftly resolve such difficulties, including Beijing’s ban on group tours to South Korea and other measures against South Korean firms, including Lotte and electric battery makers, according to the South Korean finance ministry.
S Korea, VN set to tighten economic ties (03-10-2008) Viet Nam News spoke with the Republic of Korea's Ambassador to Viet Nam, Im Hong-Jae, on the occasion of his country's National Day today. Seven months have passed since President Lee Myung-bak of the Republic of Korea (RoK) took office. What are the political, economic and social affairs policies of the government for the sustainable development of the country? In particular, please explain the foreign policy of the government for enhancing relations with other Asian nations. The new government, inaugurated last February, presented its vision of sustainable development of the RoK.…... [read more]
South Korean President Park Geun-Hye (C) talks with Chinese Prime Minister Li Keqiang (not pictured) and Japanese Prime Minister Shinzo Abe (not pictured) during their trilateral summit at the presidential house in Seoul on November 1, 2015. Photo: AFP/Pool The leaders of South Korea, China and Japan held their first summit in more than three years Sunday, setting aside historical animosities and territorial disputes to focus on shared security and trade concerns. No substantive breakthroughs were expected, but the meeting in Seoul was a symbolic statement of intent by Northeast Asia's three largest economies who all stand to reap significant…... [read more]
South Korea and China have agreed to speed up their ongoing free trade talks as part of efforts to increase economic cooperation between the neighboring countries. Both also agreed to intensify cooperation in currency polices, while seeking to increase settlements by using the won and the yuan, according to the South Korea's ministry of Finance. The agreements were made at a meeting Thursday between key economic policymakers of the two countries in Beijing. The meeting was the 11th of its kind since they were upgraded to ministerial gatherings in 1999. During the meeting, South Korean's Finance Minister Bahk Jae-wan emphasized…... [read more]
Japanese Prime Minister Shinzo Abe (C) arrives as South Korean First Vice Foreign Minister Lim Sung-Nam (R) welcomes him at Seoul air base in Seongnam, south of Seoul, on November 1, 2015. Abe arrived in South Korea ahead of a trilateral leadership summit with South Korea and China. Photo: AFP/Jung Yeon-Je The leaders of South Korea, China and Japan gathered for their first summit in more than three years Sunday, marking a victory for political, and particularly economic pragmatism over historical antipathy and territorial rivalry. The triumph of realpolitik will be capped Monday by a first ever one-on-one summit between…... [read more]
Laos and Macau (China) have agreed to enhance their cooperation on air transportation. The foresaid agreement was signed last week in Macau between Mr. Sommad Pholsena, Minister of Public Works and Transport and Minister of Public Works and Transport of China, KPL reported. Under the agreement, Laos and Macau will open a direct flight from Vientiane to Macau and to third countries. It also aimed to promote the communication between the people of Laos and China as well as to promote trade, tourism and investment. Prior to the signing of the agreement, both sides held talks to exchange updates on…... [read more]
