The Republic of Korea (ROK) President Lee Jae Myung's state visit to China from Jan. 4 to 7 has led to the restoration of bilateral relations, which is significant as ROK companies are keen to expand cooperation with their Chinese peers, said ROK consul general in Shanghai.
On Monday, Chinese President Xi Jinping held talks with Lee in Beijing. After their talks, Xi and Lee witnessed the signing of 15 documents on cooperation between China and the ROK in fields including scientific and technological innovation, ecological environment, transportation, and economic and trade cooperation.
"The most important thing is to restore fully our two countries' relationship. The two countries' relations cooled down, it's true, but now, the leaders of the two countries, they agreed on the importance of annual meetings between two leaders. And also, they agreed to restore various strategic dialogue between the two countries. And the second one is also economic and cultural cooperation," said Kim Young Jun, Consul General of the Republic of Korea in Shanghai.
The second stop of Lee's state visit was Shanghai, which is part of the Yangtze River Delta in east China, one of China's most economically vibrant regions, where many ROK companies are operating.
"We have around 7,000 companies and the total accumulated investment in China in this region was around 35 billion U.S. dollars. Also, there are some other aspects. For example, in Yancheng [of east China's Jiangsu Province], there is a KIA automobiles (manufacturing plant). Three years ago, their production volume declined into 100,000 units a year, but last year, they produced 300,000 units. Especially nowadays, very recently, [as] China's industry is of high-level, many companies are very interested to make cooperation with Chinese companies," Kim said.
On Wednesday, Lee attended a China-ROK innovation and entrepreneurship forum in Shanghai.
Nearly 300 representatives from Chinese and ROK enterprises in fields such as intelligent manufacturing, new materials, artificial intelligence, healthcare, cultural creativity and consumption services attended the forum.
Addressing the event, Lee said he hopes for more frequent face-to-face exchanges of thinkings and lively discussions between innovative people of talent of the two countries.
ROK president's China visit restores relations for greater cooperation: consul general
